Functional costing is a method of cost analysis that assigns costs to the functions of an organization or product, helping to identify areas of inefficiency and opportunities for cost reduction. It relates to functional analysis by providing a detailed understanding of how costs are incurred within each function of an organization or process, allowing for a more accurate assessment of cost drivers and performance metrics.
standard costing and variance analysis
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A functional analysis in software engineering is similar to a task analysis in education and instructional design.
Frigyes Riesz has written: 'Functional analysis' -- subject(s): Functional analysis
ABM strategically incorporates activity analysis, activity-based costing (ABC), activity-based budgeting, life cycle and target costing, process value analysis, and value-chain analysis.
Mischa Cotlar has written: 'An introduction to functional analysis' -- subject(s): Functional analysis
Functional-based costing considers total expenses incurred at all levels. Functional-based cost budgets for departments, for example, will include costs incurred by every activity performed in that department. In functional-based costing, accountants assign fixed costs such as manufacturing overhead to output on a per-unit basis.
Lawrence W. Baggett has written: 'Functional analysis' -- subject(s): Functional analysis
A product's visual qualities relate to what the object looks like. A product's functional qualities relate to how it is used and/or how it works.
L. A. L i usternik has written: 'Elements of functional analysis' -- subject(s): Functional analysis