Planning beyond discretionary cost control

Related BrainMass Solutions

• Managerial Accounting and Fixed Costs

  Engineered cost center or Committed cost center like production the control process will be more focused on cost control and efficiency.

• Are discretionary employee benefits an entitlement?

  Discretionary employee benefits can cost employers a great deal of time and money, and they are really designed to provide employees with benefits beyond what is required. This adds to an employee's total compensation and benefits package.

• The Cost of Quality - TQM and Responsibilty Accounting

  The Cost of Ignoring Quality For each control process, identify any controllable/noncontrollable, engineered, discretionary, or committed costs that would be incurred if the control process is adopted.

• Management Accounting : Reducing Budgets ( Committed and Discretionary Spending )

  There are basically 2 differences between Discretionary and Committed Fixed Costs; 1) The planning horizon for Discretionary Fixed Costs is fairly short-term, usually a single year; and 2) Discretionary Fixed Costs can be cut for short periods of time

• Budget and Sensitivity Analysis

  White to come up with a plan to first reduce the discretionary cost not eliminate. Next analyze the committed cost and if possible start adjusting them now.

• Responsibility Centers and accounting training

  Cost centers are those in which the manager and the center employees have control over costs. 2. Profit center: Here the control is over both revenue and expenses.

• appropriate derivation of a cost

  Steps: (1) First determine whether the following costs are: All committed cost and how much Discretionary cost and how much Part committed cost (how much) and the other part is discretionary cost (how much) (2) Then determine total amounts

• Difference between a static budget and a flexible budget

  For example, I do my best to project my cost of materials, labor hours, and processing time for manufacturing shoes but I have little control over the fuel cost to get it to me.

• Responsibility Centers and Output of Staff Departments

  Response to Q-2 Engineered cost center or Standard cost center like production the control process will be more focused on cost control and efficiency.