discuss in detail the advantages of marginal costing as the basis of  management reporting. Justify whether management accounting is required in non-profit organisations.

Q: Discuss how the strategic management accounting technique target costing could offer Green…

A: Target costing is a strategic cost management technique, it helps in cost reduction of the entity…

Q: 1. Managerial accounting helps managers make planning decisions. Which of the following is related…

A: Comment; We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Much of managerial accounting information is based on: a, cost-benefit analysis b. profit…

A: Managerial Accounting is the branch of accounting that focuses on providing accounting information…

Q: Managers in which of the following responsibility centers are held responsible forprofits? (You may…

A: C. Profit centers is the answer

Q: How management accounting and cost accounting can be an efficient in monetary and non-monetary…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want a…

Q: In managerial decision-making, a company must collect relevant information to use in the evaluation…

A: Managerial decision-making is a process aimed at resolving identified problems and enabling…

Q: The cost management information system provides information *       A. that the accountant needs to…

A: Answer: The cost management information system provides information *   B. that the manager…

Q: give an example of profit measurement in managerial accounting that fulfill a situation

A: Objective Managerial accounting Maximization of profit and minimization of losses  are the main…

Q: Explain the difference between FIFO and LIFO methods . Provide example for each method. The subject…

A: Difference between FIFO and LIFO methods No. FIFO LIFO 1) In FIFO method the stock brought…

Q: Which of the following statements is true? A cost center is a responsibility center. The basic…

A: A cost center is a responsibility center. This statement is True. A cost center is a responsibility…

Q: Match each of the following with its appropriate term. Controllable factors This is the part of an…

A: An investor center is a unit of business which is responsible for its own assets, income and…

Q: nitng information fulfills the following purposes. Give an example of situation of profit…

A: Management accounting is also known as management-oriented accounting. Essentially, it is the study…

Q: Instructions:  Designate the best answer for each of the following questions. 1.Which of the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Name a firm or organization you know of that you are reasonably sure uses cost management andexplain…

A: Cost Management: Cost management involves the development and use of cost management information…

Q: Describe the Relationship of the below mentioned managerial accounting concepts : i. Cost Reduction…

A: There are several concept and techniques which are used for the measurement of overall performance…

Q: is not an objective of managerial accounting? a. To prepare external reports for investors,…

A: Management accounting is important because it help us to  analyse in order to make better decisions…

Q: Discuss The impact of applying an Activity-Based Costing System on the businesses' financial and…

A: What is Activity-Based Costing? Activity-based costing ABC is a method for assigning costs to…

Q: Managerial decision making in accounting requires careful analysis of quantitative data on areas…

A: There are many qualitative factors that should be considered when making managerial decisions in…

Q: Responsibility centers. Elmhurst Corporation is considering changes to its responsibility accounting…

A: Responsibility Center: The responsibility center is the specific centre in which each work is…

Q: It is an important use of managerial accounting   a. determine direct cost by adding direct…

A: Managerial accounting, also known as management accounting, is a branch of accounting that involves…

Q: Using performance reports to evaluate cost, revenue, and profit centers Management by exception is a…

A:

Q: 1. What is the primary trade-off an accountant must consider when deciding whether to identify cost…

A: Answer 1: Is the cost/benefit of the process reasonable for more accurate behavior obtained.

Q: Describe the role of management accounting in providing information to managers for decision making,…

A: Management accounting is the accounting done for the managers and helps the management to perform…

Q: Elmhurst Corporation is considering changes to its responsibility accounting system. Which of the…

A: Responsibility Center:   The responsibility center is the specific centre in which each work is…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.