what is tactical cost analysis?  what steps in the tactical decision making model correspond to tactical cost analysis?

Q: Define opportunity costs and explain why they represent acommon source of error in making cost…

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Q: Define cost-volume-profit analysis?

A: Cost-Volume-Profit Analysis (CVP Analysis): CVP Analysis is a tool of cost accounting that measures…

Q: How does the external analysis affect other components of the strategic management process?

A: Setting objectives, examining the competitive environment, studying the internal organization,…

Q: What are the goals of a performance evaluation system?

A: Performance Evaluation System: Performance evaluation system is a system used to examine…

Q: What is meant by relevant costs and there use in making short-term decisions?

A: Cost refers to the amount of expenditure incurred by an individual or an entity in relation to goods…

Q: When it comes to the cost component of the BPM equation, what factors need organizations to take…

A: The cost component of the BPM (Business Process Management) equation refers to the expenses…

Q: how Cost Managemnt decision-making plays a role in the decision-making and success of the company?

A: Cost management decision-making is a critical aspect of any business. It involves the process of…

Q: s the limitations of ratio analysis as a tool for str

A: Ratio analysis is used quite often in the decision making but many time that results in quite bad…

Q: What is the economic rationale for the cost approach? Under what conditions would the cost approach…

A: Answer: Economic rationale for cost approach: The cost approach means that the person who is…

Q: In a decision analysis situation, which one of the following costs is generally not relevant to the…

A: Relevant cost is the cost that is different between different alternatives. This cost is considered…

Q: Define the term make-or-buy (or outsourcing) analysis?

A: Make or buy: purchasing of goods from the outside vendors is called outsourcing.

Q: What questions should managers answer when considering outsourcing?

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Q: What Is Prerequisites for Successful Target and Cost-Based Pricing?

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: There are three general strategies identified as the basic co

A: Strategic Cost Management:  Strategic Cost Managemeent is the provision and analysiis of Cost and…

Q: Define the following terms Cost analyses negotiation  Quality negotiation Price negotiation

A: Cost analysis negotiation, sometimes known as 'cost negotiation,' is becoming more popular. The…

Q: What is value-based management and how is it used?

A: The company finds the value of the company by discounting the cash flows occurring in the future.…

Q: Which type of cost center has a planning focus, and which type has an evaluation focus?

A: Cost Center: It is a department within an organization to which costs can be assigned.

Q: How does Incremental Analysis assist Management in decision making?

A: The financial information needed for decision-making is analyzed using incremental analysis or…

Q: What is an opportunity cost and why should it be included when making decisions?

A: Opportunity costs is the costs of next best alternative foregone by accepting current alternative.…

Q: What questions should managers answer when considering special pricing orders?

A: Definition:   Special Pricing: When businesses get Special orders from its customers for bulk…

Q: Briefly explain the decision-makers emphasis and the decision-models emphasis of decision usefulness…

A: Accounting is the process of recording, analyzing, summarizing, and interpreting the financial…

Q: Examples of how cost–volume–profit analysis can be used for decision-making.

A: Solution:Cost volume profit analysis represents the impact of change in cost to operating profit. it…

Q: What is the relationship between contribution margin and responsibility margin? Explain how each of…

A: Contribution Margin: The contribution margin is the excess of selling price over the variable costs…

Q: What are the advantages and disadvantages of target pricing versus cost-based pricing?

A: Advantages of target pricing are as follows: It help in controlling in cost It provide profit with…

Q: Why is the contribution margin an important concept forincremental decision making?

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Q: How does capacity affect transfer pricing decisions?

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Q: How should sensitivity analysis be conducted and how should excluded costs or benefits be handled?

A: Sensitivity Analysis: It’s a financial model that determines how target variables get changed due to…

Q: What issues should managers consider when making capitalstructure decisions?

A: Introduction: Capital structure is nothing but the debt and securities that are included in the…

Q: are measures of activities that require the use of resources and thereby cause costs Value Chain…

A: Solution: Cost drivers are measure of activities that requires the use of resources and thereby…