Questions from Cost Accounting

Q: The globe is facing an increase in water demand resulting in the

The globe is facing an increase in water demand resulting in the need for additional agricultural land and irrigation water. Elyamany and El-Nashar (2013) provided an illustration of a financial appra...

Q: The British government has pledged to spend 0.7 per cent

The British government has pledged to spend 0.7 per cent of national aid resulting in £12 billion being allocated to the Department for International Development’s (DfID’s) aid budget despite the fact...

Q: Government crime-fighting targets are a shambles and should be scrapped Government crime-fighting targets are a shambles and should be scrapped

Government crime-fighting targets are a shambles and should be scrapped, claims Chief Superintendent, Ian Johnston. Mr Johnston was speaking ahead of the Police Superintendents’ Association’s annual c...

Q: Because of the previous lack of effective control of expenditure by the Because of the previous lack of effective control of expenditure by the

Because of the previous lack of effective control of expenditure by the Han Dan Company, a system of responsibility accounting and standard costing was introduced. The basic principles underlying the...

Q: The internet of things (IoT) refers to an ever-

The internet of things (IoT) refers to an ever-growing network of physical objects which are connected to the internet. This includes household devices and many business and industrial applications. T...

Q: Once standard costs have been established and used by a business,

Once standard costs have been established and used by a business, they should be updated on a regular basis. Actual costs are frequently used as a basis for any updates. SAP, a leading enterprise reso...

Q: Recipes are used in the manufacturing processes of many sectors. In

Recipes are used in the manufacturing processes of many sectors. In the paper industry, a starch recipe consisting of borax, caustic soda, starch (from maize or potatoes) and hot water is used to glue...

Q: Setting standards in an organization may be primarily to assist in the

Setting standards in an organization may be primarily to assist in the calculation of a standard cost for the product or service for management accounting purposes. Standards are also relevant for ope...

Q: Meditech South Africa (Pty) Ltd provides software solutions to meet

Meditech South Africa (Pty) Ltd provides software solutions to meet the information needs of healthcare organizations in Africa and the Middle East. According to their website, the software can encomp...

Q: In a BBC documentary called Power to the People, Michael Portillo

In a BBC documentary called Power to the People, Michael Portillo visited a ‘You Decide’ session organized by the local council in Tower Hamlets, London. At this session, local people decide what is t...