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Essay

Cost Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Edna W

 

Date added:

January 4, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

40 / 11067

 

Was viewed:

2948 times

 

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Essay content:

Cost techniques have a precedence over the other techniques since accounting treatment of cost is often both complex and financially significant. For example, if a firm proposes to increase its output by 10%, is it reasonable to expect total cost to increase by less than 10%, exactly 10% or more than 10%? Such questions are concerned with the cost behavior, i...
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the way costs change with the levels of activity. The answers to these questions are very much pertinent for a management accountant or a financial analyst since they are basic for a firm’s projections and profits which ultimately become the basis of all financial decisions. It is, therefore, necessary for a financial analyst to have a reasonably good working knowledge about the basic cost concepts and patterns of cost behavior...
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