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By reduction in operating items and using recycle items then we can control cost by using those resources which we already used it
example if the guest used half shampoo, and he threw it but at the same time if we collect it in large quantity and we refill it it reduce the cost.
Elyse Daniel
Dorothy Deckow
let us look at the concept of cost. for an accountant cost means what one pays in purely monetary terms to get the goods or service at the place and condition required. for an economist it may mean monetary as well as other intangibles to acquire the goods or service. so no cost is actually always controllable or non controllable it is simply at the time of decision making that is important. Say you are operating a hotel and you enter into an agreement with a pest control agency to control the pest in your hotel. at the time of entering into the contract the cost is controllable you can decide not to enter into a contract and do it yourself. however once you enter into a contract it becomes uncontrollable - assuming you to be a honest person who has intention to pay for the services. now look at the amenities you provide your guests they are even controllable at one point of time and next they become uncontrollable. say you decide to purchase xyz amenities. and you buy them once you buy them they become uncontrollable cost and the value of the goods become dead cost. means if you dont like the amenities you either have to throw them away or sell them without using them the value you receive is salvage value to your dead cost. the only difference between the two examples is that one becomes controllable after the end of the contract and the other becomes controllable after 3 months when your stock of amenities run out. The classification is important to help you to make decisions. however the classification is irrelevant once the decision is made. periodically a cost may become uncontrollable or controllable.
Wiki User
∙ 15y agolet us look at the concept of cost. for an accountant cost means what one pays in purely monetary terms to get the goods or service at the place and condition required. for an economist it may mean monetary as well as other intangibles to acquire the goods or service. so no cost is actually always controllable or non controllable it is simply at the time of decision making that is important. Say you are operating a hotel and you enter into an agreement with a pest control agency to control the pest in your hotel. at the time of entering into the contract the cost is controllable you can decide not to enter into a contract and do it yourself. however once you enter into a contract it becomes uncontrollable - assuming you to be a honest person who has intention to pay for the services. now look at the amenities you provide your guests they are even controllable at one point of time and next they become uncontrollable. say you decide to purchase xyz amenities. and you buy them once you buy them they become uncontrollable cost and the value of the goods become dead cost. means if you dont like the amenities you either have to throw them away or sell them without using them the value you receive is salvage value to your dead cost. the only difference between the two examples is that one becomes controllable after the end of the contract and the other becomes controllable after 3 months when your stock of amenities run out. The classification is important to help you to make decisions. however the classification is irrelevant once the decision is made. periodically a cost may become uncontrollable or controllable.
Wiki User
∙ 9y agoControllable cost refers to costs in an operation that are considered controllable. These costs typically include direct overhead, labor, and materials.
Wiki User
∙ 13y agoIt is intended to carry out operations at reasonable cost without sacrificing the quality of service and production
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What does the H in mrs h gren stand for?
Homeostasis The method used to maintain the internal conditions in living organisms. Used to: - Controlling Body water content () - Controlling Body Temperature (Hypothalamus) - Controlling Blood glucose(sugar) levels (insulin) Mainly for the efficiency of enzymes working at an optimum ph, Temperature etc
What does cool mean in a bad way?
Controlling Overrated Obsessive Loser
Do you need a nunchuk to play Okami?
yes, it's used for controlling where you walk.
How do you paddle a boat in minecraft?
The default key is W. Controlling boats can be tricky, but it is quite simple to learn.
What kind of powers does Silver the Hedgehog have?
Silver the hedgehog is from the future, and his primary power is telekinesis: controlling objects with his mind power.
Techniques for cost reduction and area of cost control?
Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline
The controlling account for the cost ledger is?
Work in process.
GFEBS Name the steps of the Army's Cost Management process?
Cost Accounting, Cost Analysis, Cost Controlling and Cost Planning
Cost reduction and cost control techniques?
Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline
What are the purposes of a product costing?
planing, cost controlling, directly and decision making.
What are the economic reasons to do with controlling the super- bug?
the reasons are jobs, money and cost
What steps can be taken to make controlling cost easier?
leave money behind... xx
What are the purposes of a product-costing system?
planing, cost controlling, directly and decision making.
What is Product Cost Planning in SAP?
Product cost planning is an area within product cost controlling where you can plan costs for materials without rederence to order and set prices for materials and other cost accounting objects.
What is the purpose of cost control?
Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline. To be more specific, monitoring and controlling the project cost includes the following tasks: • Influence the factors that can create changes to the approved cost baseline. • Monitor the following: o Work performed against the funds expended o Variance of cost performance from the approved baseline• Prevent unapproved changes from creeping into cost reports and expenditures. • Act to keep cost overruns within the planned acceptable limits. • Ensure the following: o Change requests are dealt with in a timely fashion and managed as they occur. o Expenditures do not exceed the approved budget by period or by total amount. Any change to the budget must be approved before implementation.• Communicate with the appropriate stakeholders about the cost associated with the approved changes.
How is cost control affected in an organization?
Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline To be more specific, monitoring and controlling the project cost includes the following tasks: • Influence the factors that can create changes to the approved cost baseline. • Monitor the following: o Work performed against the funds expended o Variance of cost performance from the approved baseline • Prevent unapproved changes from creeping into cost reports and expenditures. • Act to keep cost overruns within the planned acceptable limits. • Ensure the following: o Change requests are dealt with in a timely fashion and managed as they occur. o Expenditures do not exceed the approved budget by period or by total amount. Any change to the budget must be approved before implementation. • Communicate with the appropriate stakeholders about the cost associated with the approved changes. Cost is monitored and controlled by using the Control Cost process
Which is the correct spelling - controlling or controlling?
The correct spelling is "controlling."
