Accounting for Managers: Interpreting accounting information for decision-making
OPERATING DECISIONS 137 Case study: Quality Printing Company – pricing for capacity utilization Quality Printing Company (QPC) i ...
138 ACCOUNTING FOR MANAGERS Table 9.10 Quality Printing Co. – analysisof business performance Last year One year ago Two years a ...
OPERATING DECISIONS 139 Table 9.12 Vehicle Parts Co. Existing machine New CNC machine Original cost 250,000 1,000,000 Depreciati ...
140 ACCOUNTING FOR MANAGERS Conclusion........................................... Operations decisions are critical in satisfyin ...
10 Human Resource Decisions............................... This chapter explains the components of labour costs and how those co ...
142 ACCOUNTING FOR MANAGERS directandindirect labouris an important concept that is considered in more detail in Chapter 11. The ...
HUMAN RESOURCE DECISIONS 143 capacity) can be calculated as: Working days 52× 5 260 Less: Annual leave 20 Sick leave 5 Public ho ...
144 ACCOUNTING FOR MANAGERS Accountants have historically considered labour that is consumed in producing goods or services, i.e ...
HUMAN RESOURCE DECISIONS 145 There is at present a shortage of work for partners, but this is a temporary situation. Managers ar ...
146 ACCOUNTING FOR MANAGERS Table 10.3 Make versus buy – relevant costs Relevant cost to make Relevant cost to buy Stationery 10 ...
HUMAN RESOURCE DECISIONS 147 A parallel concern has been withbusiness process re-engineering(BPR), a term coined by Hammer and C ...
148 ACCOUNTING FOR MANAGERS Example 2: financial services Serving customers in a bank involves many different personnel in many ...
HUMAN RESOURCE DECISIONS 149 attributable to specific contracts) and fixed elements (administration and supervi- sion). DMC also ...
150 ACCOUNTING FOR MANAGERS How can the poor performance compared with budget be interpreted? DMC’s income has fallen across the ...
HUMAN RESOURCE DECISIONS 151 Table 10.8 DMC variable costs Contract 1 Contract 2 Contract 3 Total Actual variable labour costs 3 ...
152 ACCOUNTING FOR MANAGERS A first step is to calculate the cost of the different functions carried out by each sales represent ...
HUMAN RESOURCE DECISIONS 153 Cooper, R. and Kaplan, R. S. (1992). Activity-based systems: measuring the costs of resource usage. ...
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11 Accounting Decisions................................... This chapter explains how accountants classify costs and determine th ...
156 ACCOUNTING FOR MANAGERS administration, finance etc.) costs of the business, i.e. those not directly concerned with buying, ...
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