Outline•Controlling costs•Setting standards•Calculating standard cost variances•Investigating significant variances•Responsibility for variances•Standard costing and behaviour•Standard costs for product costingControlling CostsControlling Costs••Businesses are ‘in control’ when operations Businesses are…
Budget processes (cont.)•Behavioural consequences of budgeting•Participative budgeting•Zero base budgeting and program budgeting•Flexible budgetsBudgeting Example: Selling and AdministrativeBudgeting Example: Selling and Administrative ExpensesExpenses••At Rex, variable selling and…
Budget•Purposes of budgeting•Responsibility accounting•The annual budget: a planning tool•Budget processes•Behavioural consequences of budgeting•Participative budgeting•Zero base budgeting and program budgeting•Flexible budgetsBudgetBudget••A detailed plan of future operating activitiesA…
•Problems with traditional product costingsystems•Activity based costing (ABC)•A simple approach to ABC•Traditional versus activity based productcosts•ABC issues•Limitations of ABC•ABC in service organisationsProblems with Traditional Product Costing…
Aims of workshop: Understand the importance of building and maintaining developmental network (DN) for personal and career success Understand your cultural intelligence, identify gaps and develop…
Aims of workshop Gain insights into others’ personal stories, and reflect on one’s own Develop first draft of personal branding statement for social media website Confirm…
Welcome to Career & Professional Practice. In this first session you will meet your personal tutor for the whole of this academic year. First of all…
Welcome to the Module First, I would like to take the opportunity to welcome you to Career and Professional Practice (CPP). The module is designed to…
This lecture does not include any audio as it was created prior to going onlineHolmes Online LearningHA2011 Management AccountingNew Supplementary AssessmentGuidelines:All students are entitled to a…
•Allocating overhead costs to products•Evaluating the allocation alternatives•Issues in estimating overhead rates Using a plantwide overhead rate:1.1.Identify the overhead cost driverIdentify the overhead cost driver2.2.Calculate the…
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