The Standard cost is the estimated cost of performing an operation or even producing an individual good or service. These are normally under normal conditions. The Standard cost is used as a target value which is compared to the actual cost. The standard cost involves the materials, the labour and...

The U.S. economic growth has been mixed over the last few years. According to the World Bank, the U.S. annual GDP growth rates for the years 2010, 2011, and 2012 were 2.5, 1.8, and 2.8, respectively (The World Bank). There are various factors that shaped the GDP over the period...

Futronics is a communications firm founded in 1937. This $2 billion company has been selling consumer communications products, as well as communications systems for governments, for more than half a century. However, it is currently experiencing problems due to competition, overall economic conditions, and poor sales, so it is planning...

The political process has had a major impact on the budgetary process overall. The core of the difference between the two major political parties in the United States is a question over the role of government and over governmental spending. Some, it seems, are looking for a 'balanced' governmental budget,...

'Conflict between Doing Well and Doing Good?' 1. The managers know that this project was value-enhancing project to the company due to the fact that Coors already had the property, raw materials, and manpower to run the project, and the overhead costs would be low; in addition, there was a...