Which among the following is an example of routine report submitted to the management? a. Report on technological changes in the industry b. Report on general economic forecast c. Feasibility study for a new business plan/project d. Sales report
Which among the following is an example of routine report submitted to the management? a. Report on technological changes in the industry b. Report on general economic forecast c. Feasibility study for a new business plan/project d. Sales report
Chapter1: Accounting As A Tool For Managers
Section: Chapter Questions
Problem 3MC: Which of the following is a primary aspect of the evaluating function within an organization?...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Which among the following is an example of routine report submitted to the management?
a.
Report on technological changes in the industry
b.
Report on general economic forecast
c.
Feasibility study for a new business plan/project
d.
Sales report
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