Basics
Need for Marginal Costing
Let us see why marginal costing is required: ● Variable cost per unit remains constant; any increase or decrease…
August 16, 2021 · Boomi NathanBasics
Basics
Cost Accounting – Marginal Costing
Marginal cost is the change in the total cost when the quantity produced is incremented by one. That…
August 16, 2021 · Boomi NathanBasics
Cash Budget
Cash budget comes under the category of financial budget. It is prepared to calculate budgeted cash flows (inflows…
August 16, 2021 · Boomi NathanBasics
Flexible Budget
Flexible budget provides logical comparison. The actual cost at the actual activity is compared with the budgeted cost…
August 16, 2021 · Boomi NathanBasics
Flexible Budget Vs. Fixed Budget
Points Flexible Budget Fixed Budget Flexibility Due to its nature of flexibility, it may be quickly re-organized according…
August 16, 2021 · Boomi NathanBasics
Types of Budgets
Budgets can be categorized in various ways. Let us go through the types of budgets in detail. Functional…
August 16, 2021 · Boomi NathanBasics
Budget, Budgeting, and Budgetary Control
Let us go through the terms sequentially. Budget Budget represents the objectives of any organization that is based…
August 16, 2021 · Boomi NathanBasics
Cost Accounting – Budgeting Analysis
We are all well-familiar with the term budget. Budgeting is a powerful tool that helps the management in performing…
August 16, 2021 · Boomi NathanBasics
Tools and Techniques of Cost Reduction
The following tools and techniques are used to reduce costs: ● Budgetary Control ● Standard Costing ● Simplification and Variety Reduction…
August 16, 2021 · Boomi NathanBasics
Material Control
Cost reduction program should be run by purchasing economical and more useful material. Economic Order Quantity (EOQ) technique…
August 16, 2021 · Boomi Nathan