Sunday, February 9, 2014

ACCOUNTING FOR DECISION MAKING: TYPE OF COST INVOLVED IN TAMIN'S FRIED CHICKEN COMPANY

LEARNING ISSUES 1. What are the courts that are motivationd in Tamins pipeline operations? 2. What is Fixed Expenses? 3. What is Varicapable Expenses? 4. What is Semi-variable cost? 5. What is Break-even volume? 6. why is it important for us to identify Break-even volume? 7. What is Avoidable cost? 8. How to calculate breakeven? 9. What is prospect cost? 10. What type of cost that involve in conclusiveness making? 11. What is CVP? 12. What is unit contribution? INTRODUCTION         Tamin has true a new recipe for chicken and plans to open a restaurant called Delicious Chicken in Serdang City. Tamin is certain that at that house is demand for his fried chickens but is unsure of the volume indispensable to re spawn all his costs. Just like any early(a) businesspeople, Tamin would deficiency to know when the break-even allow for be achieved or whether if it is practical to be achieved. If the revenues generated by his business is not ev en complete to cover all his costs, there is no point in commencement the business in the first place.         In do to combust his business operations, more capital is needed. In this case, it is say that Tamins father-in-law has hold to invest in his business with the condition that Tamin is able to exchange him that profits lead be at to the lowest microscope stage 20% of sales revenue. Knowing that his father-in-law will be a more feasible source of financing his business compared to monetary institutions, Tamin would now need to know the amount of sales that will generate the minimum profits to convince his father-in-law.         Tamin is also considering in renting a smaller-sized restaurant to save yearly glowering expenses. If he does chose a smaller-sized restaurant, the break-even volume that he needs to consume forth to cover all his costs might be different. The rising... If you want to ge t a full essay, order it on our website: OrderCustomPaper.com

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