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What are the three basic methods to allocate service department costs to production departments or programs in a not-for-profit organization?
EncofBizandFinance
There are three basic methods to allocate service department costs to production departments or programs in a not-for-profit: (1) the direct method; (2) the step method; and (3) the reciprocal method.
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∙ 13y ago
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Four departments of a typical business?
Four departments within a business including the accounting department, finance department, production and shipping. All of these departments work together to keep the business going.
What is the relationship between production department and marketing department in a typical business organization?
what is the rlationship between production department and marketing department in a business organisation
What are four departments of a business?
the four departments are:1...human resource department2....accounting department3.....marketing department4.......production department
What is the Importance of information systems in an organisation?
Information systems in an organization help members of the organization communicate. With information systems, different departments can use the software to tell other departments about problems with production.
What is the relationship between production department and other department in organisation?
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What is the difference between production cost center and service cost center?
Production cost centers are those departments which are directly engaged in the process of production of goods. Service cost centers are those departments which are not directly involved in production process but they provide services to production cost centers. Example: A paint manufacturer has following cost centers. Mixing department Packaging department Stores department Maintenance department Canteen The mixing and packaging departments are production cost centers as they are directly involved in producing the paint and making it ready for sale. Stores, maintenance and canteen are service cost centers as they are not directly involved in producing paint instead they provide additional services to production cost centers.
Information required in different levels of management in organization?
Strategic management level Tactical management level Operational management level Consider information required by different departments at different levels as above i.e human resource department, financial department, marketing department, production/operations department
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Corporations all have different approaches regarding the communications between production, finance and the accounting departments. Generally speaking, should top level management decides to increase production of a particular product, they will consult the production department as to the feasibility of this task. Assuming that production has the necessary assets to follow top management's decision, the production department will inform the finance department and or Accounting department as to the new costs of implementing the increased production. The finance department can determine if there is cash on hand to carry this out or whether the company's credit line will have to be utilized to provide the funds. Accounting plays a role as this department can speak about the anticipated accounts receivables. Once the three departments can reach a consensus on the costs of increased production & how it will be financed, they will report this information to top management for their final decision.
What is b-commerce?
B-commerce is business transacted within the same organization. It facilitates the transfer of products and services within an organization. For instance, it allows the marketing department to interact with the production department.
What is the costing transfer?
Transfer costing is the process of transfering costs between different departments of same buisness entity form example production department 1 to sales department etc.
Job organization and information?
Job organization and information will clearly define the roles of each department. This is very useful for purposes of monitoring growth and production.
Would be a likely contact group for someone like Sharon an intern who just started working for the production department of an organization?
People in her work department
