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What else can I help you with?
When determining the value of a fixed Asset and a rebate was given do you reduce the value of the the fixed asset or book at a true cost?
If the company are using cost basis to value their assets then the rebate will reduce the cost.
How might a company reduce their labor cost?
Outsource some jobs to another country.
What purpose are served by a production cost report?
By Production Cost Report, the Company can find out ways and means to reduce expenditure those will not ultimate compromise with the quality of the product.
In order to reduce their labor cost what might a company do?
outsource some jobs to another country
What is the difference between traditional based costing and target costing?
Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.
How can company increase revenue?
Reduce cost production
What measures can a company take to reduce its break even point?
A company can reduce expenses, such as layoffs, or reducing the cost of necessary materials.
When determining the value of a fixed Asset and a rebate was given do you reduce the value of the the fixed asset or book at a true cost?
If the company are using cost basis to value their assets then the rebate will reduce the cost.
How might a company reduce their labor cost?
Outsource some jobs to another country.
How does Decrease in material costs impact total variable costs?
If material cost is variable cost then yes by decreasing material cost company can reduce total variable cost.
What can a corporation do to lower its cost of capital?
A finance manage of a company usually will choose methods that will raise capital that will cost the company the least and the methods can vary depending on the company. Selling stocks and more product sales are ways to reduce the cost of capital.
What purpose are served by a production cost report?
By Production Cost Report, the Company can find out ways and means to reduce expenditure those will not ultimate compromise with the quality of the product.
Explain the techinques adopted by the companies to reduce cost in the present Economic Situation?
One of the major costs incurred by a company is the wages and salaries to it's employees. Therefore most companies now prefer to reduce Staff to reduce their costs. Laying off workers would reduce their cost but it goes against the the public welfare.
How you can reduce cost of manufacture?
Reduce the cost of materials, labor or overhead, or improve productivity.
What any recruitment company can reduce the hiring cost for start-up?
The kind of recruitment ompany that can reduce the cost of hiring for a start-up would be something along the lines of a temporary agency. The workers for a temp agency often will take any kind of work and won't cost as much as hiring a full-time employee. The start-up company will then have the option to hire the temp if they like how they work.
Which two company reduce cost of product?
Many, if not all, companies that compete make price reductions or offer extras to improve sales.
What is cost of quality?
Cost of quality is a way for businesses to determine the costs associated with the quality and deficiencies of a product. Investing in higher quality standards can help a company reduce the costs associated with defects.
