controlling costs

Tag: controlling costs

Variable vs Fixed Costs

See Also: Absorption vs Variable Costing Semi Variable Costs Sunk Costs Marginal Costs Average Cost Variable vs Fixed Costs Definition In accounting, a distinction is often made between the variable vs fixed costs definition. Variable costs change with activity or production volume. In comparison, fixed costs remain constant regardless of activity or production volume. All Costs In

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Agency Costs

See Also: Are You Collecting the Data You Need to Run Your Business? Average Cost Sunk Costs Restructuring Expense Joint Costs Commercial Agents Agency Costs Definition The agency costs definition is the internal costs incurred from asymmetric information or conflicts of interest between principals and agents in an organization. In a corporation, the principals would be

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Absorption vs Variable Costing Advantages and Disadvantages

See Also: Absorption vs Variable Costing Standard Costing System Standard Costing Example Process Costing Activity Based Costing Absorption vs Variable Costing Advantages and Disadvantages The following includes absorption vs variable costing advantages and disadvantages. Variable Costing Disadvantages and Advantages Variable costing may provide a clearer picture of the actual incremental costs associated with a specific

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3 Things – Overhead Expense Reduction

Discover 3 things you should know about Overhead Expense Reduction in the following video. In the video, Ted Leitch with Expense Reduction Analysts discusses 3 useful tips you should know about reducing overhead expenses. 3 Things – Overhead Expense Reduction If you want to shape your economics to result in profit, then click here to download

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Insulate Your Company from Rising Health Insurance Costs

Refer to the following wiki about how to insulate your company from rising health insurance costs: Insulate Your Company from Rising Health Insurance Costs “How many times have your employees — or even potential employees — expressed concerns about the cost of the health insurance that your small business provide? It’s an employee concern that

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How to Control Annual Audit Fees

Partnership, loan or other agreements may require the annual audit of a company’s financial statements. How to Control Annual Audit Fees The cost of this audit can constitute a significant administrative expense. Therefore, your company’s financial staff needs to properly manage the audit fees. Although the independent accountant has the responsibility of establishing the scope

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Implementing Activity Based Costing

All of us have used cost allocation as part of our Financial Services offerings since it is required by GAAP. Cost allocation is the process of assigning common costs to ending inventory and cost of goods sold (COGS). Our goal has been to either reduce taxes or increase reported earnings, but this all depends on

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Should You Cut Marketing Expense in a Recession?

Most CFO’s cut costs to obtain profitability for the company. In a recession, that is often the best course of action. The question is: what kind of knife do you use? A meat cleaver or a scalpel? Should You Cut Marketing Expense in a Recession? Marketing costs are a prime target for the CFO’s slashing

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