Cost Control
- Business
Advantages of Value Analysis and 7 Phases of Value Analysis Exercise
Value analysis is a very useful technique. It results in lower costs, lower prices, higher sales and more profits. In…
Read More » - Production Management
Process of Value Analysis In Production and Operation Management
Process of Value Analysis: Value analysis is a technique of cost reduction. It involves study of cost in relation to product…
Read More » - Accounting
7 Scope And Areas for Cost Reduction in a Manufacturing Company
The strategic areas for a Cost reduction programme may be manifold. The following are a few examples of critical areas…
Read More » - Accounting
Difference Between Cost Control and Cost Reduction
The basic and primary objective of cost accounting system is cost control ultimately leading to cost reduction. It is commonsense…
Read More » - Accounting
6 Important Techniques of Cost Reduction in Manufacturing Industry
Techniques of Cost Reduction The main techniques used for cost reduction are as follows 1. Cost Analyses 2. Ratio Analysis…
Read More » - Accounting
The Impact Of Cost Control On Manufacturing Industries
Impact of Cost Control on Manufacturing Industries : Attention must be called to the fact that in the long run…
Read More » - Accounting
Which are General Factory expenses and Janitor Labor expenses?
General Factory expenses: Certain expenses other than those discussed above come under the category General Factory expenses because they cannot…
Read More » - Accounting
Budgetary Control And Responsibility Accounting
Budgetary Control and Responsibility Accounting:In some previous blog posts we have discussed the establishment and use of one factory wide…
Read More » - Accounting
Weighted Average Method Of Process Costing: Opening WIP
Weighted Average Method: Costs assigned to the opening work in process inventory are added to costs incurred during the period…
Read More » - Academic
Characteristics Of Fixed And Variable Costs
The characteristics of fixed and variable costs : Fixed Costs change with respect to Volume or Activity. Some costs vary…
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