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Management Accounting - Assignment Example
Author : kathrynwalsh
Finance & Accounting
Pages 5 (1255 words)
Table of Contents Question 1: 1 Organization Decision Making: 1 Target Costing: 2 Total Quality Management: 2 Throughput Accounting: 3 Just In Time: 4 Question 4 a: 6 Average Price per Male and Female Client in 2011: 6 Average Price per Male and Female Client in 2012: 6 Question 4b: 8 Business Performance Assessment: 8 Business Plans: 8 SWOT Analysis: 8 Financial Analysis: 8 Sales and Cost of Sales Analysis: 8 Gross Profit Margin: 9 Expenses: 9 Question 4c: 10 Non Financial Performance: 10 Number of Complaints: 10 Number of Female Clients visit: 10 Number of Hairdressing Specialists: 11 References: 12 Question 1: Organization Decision Making: Every Organization has to maximize their return an…
Cost is the most important factor which influences the management decision. The management needs to maximize its cost by different policies such as just in time, target costing etc but should not compromise on the products quality (Straus, 1989).. Target Costing: Target costing is one of the new costing techniques used by managers to minimize its cost effectively. Target costing is cost based pricing. Target costing enable the managers to manage the business most effectively in a competitive market place. It enables the managers to plan and manage the cost in the early stages of design and development cycle. Hence maximize the profit with no compromise on product. Target cost is selling price less desired profit. As in target costing the cost limit is specified first which may lead to omission of essential costs leading to loss. ...