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Alsharari, N. M. (2016). Results based costing (RBC) system: Questioning the unit of analysis in ABC. Corporate Ownership and Control, 13(2), 587-603.
Variance analysis in cost accounting: The primary purpose of this article is to identify actions which cause significant financial differences in enterprises. The article aims at providing methods that can be used to curb losses which are witnessed during cost accounting in companies. Failure to carry out a comprehensive variance analysis can lead to the liquidation of a business.
The strength of this source is that it ensures the cash that has been used is accounted for. Similarly, there is an identification of significant loopholes that could make the firm incur losses if variance analysis was not incorporated into the enterprise. The primary approach that would be used to determine variance analysis in cost accounting is known as “plan vs. actual data analysis technique.” It is then presented via tables, charts, and electronic devices in the firm.
Therefore, this source can be used at Campar Industries, Inc. to determine the charge of different commodities, hours staffs take to accomplish duties, and the expense which is incurred for each hour on direct labor. This approach will be divided into simple and complex sectors to assess the firm’s operations critically.
Calderon, T., Hesford, J. W., Mangin, N., & Pizzini, M. (2018). An integrated managerial accounting teaching case. Journal of Accounting Education, 44, 60-72.
Budget versus actual gross margin: The author’s purpose of writing this journal was to identify differences that exist between income and the price of commodities sold in an enterprise. The journal has aimed at providing approaches which can be used to calculate a budget that employees are required to use and the variable costs that are used to assess the budget.
The strength of applying the content of this reference during the evaluation of budget and gross margin of Campar Industries, Inc. is that the method will be able to provide choices for planning how to carry out budgeting. The methodology of forecast commodity approach will be used to determine any recent input overheads in the firm. Final feedback will be given to employees through the company’s website.
Therefore, this source may be used to find alternative ways of sourcing revenues to the company. It will also be used to determine the kind of quality management that exists at the firm. The method is useful as it allows managers to find technical statistics that are related to financial analysis.
Oliver, L., & Nin, E. (2019). Types of cost variance that enhances Successful Budgeting. American Society for Training and Development.
Types of cost variance: This article aims to analyze different budgets so that financiers can be familiar with any modifications in either micro or macro levels. The article has described how various types of cost variance can be turned into standard calculations. Similarly, the article has the aim of assessing productive and unproductive projects at the firm.
The strength of this reference is that it has methods that can be used to change formalized cost variance to normal financial figures. Besides, the source has indicated how the labor rate variance can be utilized by employers to determine the strengths and weaknesses of an agency. Direct analysis cost variance approach is the method used by this article to evaluate each variance.
The article may be used for the case study of Campar Industries, Inc. to assess the validity and profitability of each variance. Furthermore, it will be used to determine a way which can lead to the utilization of fixed assets at the enterprise. The two instances will help in curbing frequent losses that the firm has faced before.
Pavlatos, O., & Kostakis, H. (2018). Management accounting innovations in a time of economic crisis. The Journal of Economic Asymmetries, 18, e00106.
Division cost and variance analysis: The author’s purpose for using this referencing in determining division cost and variance analysis is to make a comparison projected performance of enterprises to the real performance. Moreover, the author aimed at presenting a perfect method of assessing the cost of any financial company.
The strength of this reference is that it provides different divisions where money can be used separately to ease operations. Furthermore, it offers the best type of division cost that can be used to accrue more revenues. The source has also used direct analysis approach to present ideas to the organization. The presentation is also done through direct analysis of the financial data.
The source may be used by Campar Industries, Inc. as a performance instrument during the financial assessment period. Also, it may be used to make a comparison of the real cost and those revenues which are budgeted in the company.
References
Alsharari, N. M. (2016). Results based costing (RBC) system: Questioning the unit of analysis in ABC. Corporate Ownership and Control, 13(2), 587-603.
Calderon, T., Hesford, J. W., Mangin, N., & Pizzini, M. (2018). Sunrise Hotels: An integrated managerial accounting teaching case. Journal of Accounting Education, 44, 60-72.
Oliver, L., & Nin, E. (2019). Types of cost variance that enhances Successful Budgeting. American Society for Training and Development.
Pavlatos, O., & Kostakis, H. (2018). Management accounting innovations in a time of economic crisis. The Journal of Economic Asymmetries, 18, e00106.
