Cost Management I.P 2 - Essay Example

Only on StudentShare

Extract of sample
Cost Management I.P 2

Such meetings can be curtailed till budgetary position improves. This should be second priority. Reducing salaries should be the last option.
We already have the services of two social workers under the head 'Community Mental Health Services'. Therefore we can work with one social worker in 'Outpatient mental health treatment'. The burden can be equally shared between these three. (some more bonus can be distributed amongst these three for putting in extra efforts).
iii. She has to arrange the facilities in such a manner that the cost cutting exercise does not affect the routine check-ups. Dr Stephanie should not be seen as shooing away the patients citing lesser funds. ...
Download paper


In this IT age when PCs are replacing Secretaries, the clinic in dire need of austerity measures can also do with only one secretary (he can be given some extra bonus) more secretarial work can be given to the assistant of Dr. White.
Professional meets generally end up in lavish luncheons or late night parties…
Author : oklocko

Related Essays

Avoiding fixed expenses to find the profitability of operations is the crux of marginal costing system. For the purpose of understanding the importance of marginal costing system in the firm, let us start with the very fundamentals of marginal costing. Marginal costing is the system of ascertaining the marginal cost and its use for decision making. Marginal cost is the extra cost incurred for producing an additional output. The extra cost incurred usually is the one which is likely to change in direct proportion to the change in output. Such costs are known as variable cost and hence the...
8 pages (2008 words) Essay
Cost Management
In the worst case, we can reduce the secretary to 1 instead of 2.
2 pages (502 words) Essay
Management Accounting - The 'Raw Material' cost as a 'Variable Cost'.
The job responsibilities of financial accountants is to ensure that all financial transactions are recorded into the books of accounts, are valued appropriately, and all transactions are reflected in the statements. Generally Accepted Accounting Principles (GAAP) are used by financial accountants as a benchmark standard to develop financial statements (Wikipedia, 2007). Public companies are legally required to develop and publish financial statements.
2 pages (502 words) Essay
Cost and Management Accounting
In 2006, Britvic sold 1.4 billion liters of soft drinks in hundreds of different flavours, shapes and sizes and delivers to over 4,000 customers and approximately 200,000 points of distribution. This explains the wide customer network of Britivic revealing the company's excellence in production and service capabilities.
7 pages (1757 words) Essay
cost management
ent even the best marketing brains from boosting sales, the only option available to even the most adventurous management is to reduce costs to maintain the existing profit level. At a cursory glance it seems to be the only and might be the most prudent approach that any management might conceive. But ill conceived cost reduction triggered as a panic reaction to the gloomy market scenario might cause more harm to the company than any good as expenditures that are absolutely imperative for the company’s health might be sacrificed in this new avalanche of trimming down of expenses. The role of...
18 pages (4518 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!