Standard Costing, Variance Analysis and Decision-Making

Lingua: inglese

Editore: GRIN Verlag, GRIN Verlag Jul 2011, 2011

3640955986 / 9783640955985

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This item is printed on demand - Print on Demand Titel. Neuware -Research Paper (undergraduate) from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 63%, University of Sunderland, course: Management Accounting and Control, language: English, abstract: This report is divided into two parts. The first part will explain how a standard costing system works and how a variance analysis is used properly. Furthermore, the statement ¿Standard Costing and Variance Analysis are appropriate to any type and size of organisation¿ will be critically evaluated. The second part determines factors, which must be considered in the decision-making process. In addition, four scenarios of decisions will be provided and analysed.One of the main objectives of an organisation is to minimise the cost of production and to control the costs as they are limited resources within a business (Gupta, 2010). Management accounting literature provides several tools in order to achieve these objectives. In this context, the system for collecting and reporting revenue and cost information by areas of responsibility is called responsibility accounting (Siegel & Shim, 2006). It is based on the assumption that managers should be held responsible for their performance. A well-designed responsibility accounting system integrates responsibility centers within the organisation.In addition, responsibility centers are units within the organization, which have control over costs and revenues (Siegel & Shim, 2006). There are different types of responsibility centers such as profit centers, investment centers, revenue centers and cost centers. In the following report, the focus is on cost centers. Here, a variance analysis based on standard costing is a performance measure of a cost center (Siegel & Shim, 2006). In addition, a standard costing system is a useful tool facilitating decision-making.Books on Demand GmbH, Überseering 33, 22297 Hamburg 40 pp. Englisch.…

Codice articolo 9783640955985

Titolo
Standard Costing, Variance Analysis and Decision-Making
Autore
Alexander Berger
Editore
GRIN Verlag, GRIN Verlag Jul 2011
Anno di pubblicazione
2011
Condizione
Neu
Rilegatura
Taschenbuch
Lingua
inglese
ISBN 10
3640955986
ISBN 13
9783640955985
Peso dell'articolo
73 grammi
Dimensioni
210x148x4 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germania

Venditore con 5 stelle

Venditore AbeBooks dal 23 gennaio 2017

Tariffe di spedizione da Germania a U.S.A.

ArticoloDa 60 a 60 giorni lavorativiDa 60 a 60 giorni lavorativi
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