What is Variance analysis?
Any activity humans perform they do it for betterment and get the benefit in one or the other. In business environment basic motive is profit maximization and this is ensured in every decision they take. To aid their decision making process humans are using the technique of comparison since early ages. Comparison helps human decide […]
What is Throughput (Through put) costing / accounting?
Throughput accounting is a production management philosophy introduced by M. Goldratt. According to throughput theory, managing the business with a view to maximize profit is not only ignoring the much important variables (like customers demands, needs and affordability) but also push the organizations towards inter-departmental conflicts. According to throughput accounting, management should be concentrating on […]
