Ads
related to: cost cutting strategy examples in accounting system excel- Free QuickBooks® Setup
Start Off Right With Help
Setting Up By A QuickBooks Expert.
- QuickBooks® Money
Get Paid, Manage Money, Cash Flow
Insights. No Subscription. No Fees.
- QuickBooks® Payroll
Take Care Of Accounting & Payroll
From A Single Platform. Try Free!
- QuickBooks® Time
Manage Employee Time From Anywhere
On A Top Rated Time Tracking App.
- Free QuickBooks® Setup
Search results
Results From The WOW.Com Content Network
Next Insurance compiled a list of 12 cost-cutting strategies that may help reduce small-business expenses.
Half cost strategies: ambitious strategies which aim to reduce the costs of specific production processes or value adding stages to 1/N of the previous cost. [7] Examples specifically focussed on the use of suppliers and the costs of goods and services supplied include: Supplier consolidation: see examples in the aerospace manufacturing industry
In business economics cost breakdown analysis is a method of cost analysis, which itemizes the cost of a certain product or service into its various components, the so-called cost drivers. The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses.
Standard Costing is a technique of Cost Accounting to compare the actual costs with standard costs (that are pre-defined) with the help of Variance Analysis. It is used to understand the variations of product costs in manufacturing. [6] Standard costing allocates fixed costs incurred in an accounting period to the goods produced during that period.
As an accounting manager for Texas Instruments, Peter Pyhrr created zero-based budgeting to help incorporate strategic objectives into the budgeting process by tying them to functional areas. Under his system, costs are grouped and measured against the previous results and current expectations.
For premium support please call: 800-290-4726 more ways to reach us
The cost driver is a factor that creates or drives the cost of the activity. For example, the cost of the activity of bank tellers can be ascribed to each product by measuring how long each product's transactions (cost driver) take at the counter and then by measuring the number of each type of transaction.
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return.