Distinguish between cost reduction and cost control.
Question:
Distinguish between cost reduction and cost control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Cost Reduction and Cost Control are both important concepts in the field of financial management but they have distinct meanings and approaches Lets distinguish between the two Cost Reduction Definiti...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Income from operations is one of the most important items reported by a company. Depending on the decision-making needs of management, income from operations can be determined using absorption...
-
The manufacturing company for which you currently serve as plant controller is contemplating moving from a conventional manufacturing layout to a just-in-time (JIT) system. The overall strategy is to...
-
Emerson Electric Company was founded in 1890 as a manufacturer of motors and fans. In 1993, Emerson marked its thirty-sixth consecutive year of improved earnings per share. On $8.2 billion sales, the...
-
One way to delete nodes from a known position in a leftist heap is to use a lazy strategy. To delete a node, merely mark it deleted. When a findMin or deleteMin is performed, there is a potential...
-
Zipcar (www.zipcar.com) is a car-sharing club founded in Cambridge, MA, in 1999. The club members pay an annual fee and then have the opportunity to rent a small car (usually a subcompact; the models...
-
Real world Question Based on the notes to the financial statements of Maytag Corporation contained in the annual report booklet, what inventory methods were used? pg25
-
4. Volunteers collect money and nonperishable food for the Food Pantry, a nongovernmental VHWO, by going house to house once each year for donations. The services of the volunteers should be...
-
On December 1, 2015, Athabasca Building Supplies Ltd. (ABS) purchased Dunbar Doors Inc. (DDI) from Kevin Osepchuk. This is the first time that ABS has operated in the door business and the company...
-
Required: a). Compute Jupiters new break-even point if the proposed automated equipment is installed. Break even point __________ b) Determine how many units Jupiter will have to sell to show a...
-
Discuss cost classifications based on variability and controllability.
-
Explain the nature and scope of cost control and 'cost reduction'. Which of the two is superior?
-
Graph each rational function. x2 1 f(x) %3D x2 9
-
Will the amount of an accrual always be an exact known amount, or could it be an estimate?
-
The reorder point for SKU 303 is 102 units, while average demand during the lead time on an order for SKU 303 is 97 units. How much safety stock is implied by SKU 303's reorder point policy?
-
Find the volume of the solid obtained by rotating the region bounded by the given curves about the specified line. Sketch the region, the solid and a typical disk or washer. -2x 3. y = ex, y = 0, x =...
-
2. Given the list of scores: Score1 = [ 10, 40, 50, 54, 55, 59, 63, 65, 70, 71, 75, 77, 79, 80, 99] The one-sample T-test is used to test whether the mean of Score1 is statistically different from...
-
Find the area of the triangle having the given measurements. Round to the nearest square unit. 13) C=100, a 3 yards, b = 8 yards Use Heron's formula to find the area of the triangle. Round to the...
-
Sam computed a 95% confidence interval for m from a specific random sample. His confidence interval was 10.1 < < 12.2. He claims that the probability that is in this interval is 0.95. What is wrong...
-
CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...
-
Give an example of how, under absorption costing, operating income could fall even though the unit sales level rises.
-
Give an example of how, under absorption costing, operating income could fall even though the unit sales level rises.
-
Give an example of how, under absorption costing, operating income could fall even though the unit sales level rises.
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App