Management Accounting

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August 31, 2024 4 min read Definitions

Different Costs for Different Purposes: Principle in Management Accounting

Management Accounting Economics Decision Making Cost Management Variable Costs Fixed Costs Business Strategy

Exploring how management needs different costs for various activities and decisions, especially in calculating prices and production.

August 31, 2024 4 min read Definitions

Duration Driver: Comprehensive Analysis

Cost-Accounting Management Accounting Cost Allocation Activity-Based Costing Efficiency Business Management Financial Management

A measure of the amount of time required to perform an activity when this is a significant cost driver. Duration drivers offer an accurate basis for allocating costs, especially when there's a notable variation in the time required to complete activities.