The setting of standard is  a/ a worker decision b/ a management decision c/ a managerial accounting decision d/ preferably set at the idea level of performance.

Q: What are qualitative measures that might be helpful in employee performance evaluations?

A: Employee performance evaluations are an important part of running any business. They provide…

Q: A very key concept in managerial accounting is how costs "behave", either fixed or variable. Once we…

A: Fixed Cost: These are costs that will remain the same irrespective of production or number of units…

Q: How do you prepare an income statement/calculate the operating income in managerial accounting?

A: Income statement: Income statement is a main part of financial statement. All revenues and expenses…

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: how do management control systems contribute to i) Cost Management i) Planning and Control iI)…

A: A management Control system may be defined as an oraganizational framework under which an…

Q: list down the various levels, methods and approach of earning management

A: Answer: Earning management is the accounting term that is used to present different financial…

Q: When it comes to cost behavior,

A: Cost Behavior is that the amendment within the behavior of a price (or costs) thanks to a amendment…

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: Discuss the role of cost accounting in managerial decision-making, including cost classification,…

A: The category of accounting known as "cost accounting" is responsible for gathering, analysing, and…

Q: https://youtu.be/HLsjQTg_Lzw   Explain the various components of product costs and how they are…

A: 1. In management accounting, product costs are meticulously analyzed to provide a comprehensive…

Q: In which of the following responsibility centers does the manager have responsibility for and…

A: Responsibility Centre is one of the segments of a company that allows the managers to perform…

Q: Conduct research and provide an overview of what performance evaluation entails in managerial…

A: 1. Use of performance evaluation in managerial accounting: A management control system's foundation…

Q: ow important profit center in managerial accounting

A: Profit Center - Profit Center is the individual unit operating independently from the main branch or…

Q: Cost & Managerial Accounting and the Business Environment in details. Identify the major…

A: Cost and Managerial accounting and Business Environment plays an important role in a business's…

Q: Provide 2 differences between traditional and activity based costing system.

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

Q: y in the use of company r

A: Managerial efficiency : The fraction of total organisation personnel that contributes to performance…

Q: function is not contained in the management accounting department? a. Cost accounting b. Financial…

A: In organization it is important because they are the department which are concern with qualitative…

Q: What are the skills needed for the managerial accountant to develop related to process cost systems?

A: The objective of this question is to identify the skills that a managerial accountant needs to…

Q: how does standard costing system helps managers to make decisions

A: Standard costing is said to be a practice where expenses for production process are estimated in…

Q: Discuss two potential application of the activity based costing system in decision-making, to the…

A: Activity based costing method helps in allocating overhead cost of products based on different…

Q: How does the managerial accountant determine the department sequence in the step-down method? How…

A: Service department: A service department is a division in an organization which is not involved…

Q: Performance appraisal is conducted for:

A: Performance Appraisal Periodic assessment of an employee’s job performance  is called Performance…

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: indirect material, mixed cost , budgeting, margin of safet

A: The below mentioned are the definitions of indirect material Mixed cost Budgeting Margin of safety

Q: Explain why knowledge of cost behavior is important for managerial decision making

A: Knowledge of cost behavior is important for managerial decision making because it helps managers to…

Q: Which of the following is defined as comparing actual performance to planned performance and…

A: Performance refers to the subjective measurement of the use of assets by the firm during its primary…

Q: The two dimensions of managerial accounting are:

A: Management accounting provides such financial information and resources for management and investors…

Q: Costs estimations and cost predictions are two terms often used as management accountant that must…

A: under the accounting process management decide to do estimation of the cost which will tell that how…

Q: Definition of Management Accounting along with any other relevant concepts and the relationship…

A: Accounting is the process of recording, classifying, analyzing, interpreting, and communicating…