Cost analysis and understanding the nature of cost behavior are extremely important for a management accountant. These factors allow us to estimate potential costs and levels of production as we monitor current costs and productions. Costs are a major factor towards decision making within any business. How can we reduce costs and still boost revenue? ...
If you find this article helpful, you may wish to read the article titled Joint Product Costing. Introduction Cost accounting focuses on preparing, analyzing, and reporting information related to the cost of obtaining and using company resources. This article provides an overview of cost accounting and the tasks performed by cost accountants. Included will be ...
I have been a Fulfillment by Amazon seller since 2009 full time and over the years, I have dealt with the frustration of items that are priced far too low for fair market value. There are a couple reasons why sellers would choose to intentionally sell merchandise on Amazon at a loss, but that is ...
Every business in today’s world has one goal in mind; to maximize their overall profits and drive their business into the future. So to accomplish this goal, you will want to keep in mind as to what types of costs affect your business the most and how to effectively control those costs for reporting purposes. ...
Introduction Each company is faced with two types of costs: fixed and variable. Should you have more fixed or variable costs? If you are to convert to variable costs, when should you do it? What type of fixed costs do companies incur? These questions, and then some, will be addressed in this paper. Convert to ...
A Commercial lawsuit case is mostly civil tort in nature and usually brought by one damaged party, either an individual or a business entity, against another business entity. In these types of cases damages alleged are usually monetary in nature. 99% of plaintiffs involved in commercial lawsuits don’t realize they can get cash advance before ...