Answer with its Explanation:
The forces that had lessened the importance of the cost and management accounting systems in today's dynamic world are as under:
- The ancient bookkeeping and the costing techniques were very time consuming and the accounting systems were also not integrated with the financial accounting systems. Today we have very robust and integrated systems which helps the management of the business operations nation wide with greater security and better performance than the previous old versions.
- The complexity of the organization operations have resulted in origination of additional management accounting techniques that were adapted in the form of automated software, that are used to produce management reports on daily, weekly, monthly and yearly basis. The examples include the Throughput costing, Activity based costing, Bench-marking techniques, etc.
- The activities automation has led to attaining of maximum efficiency possible in some areas which wasn't possible in the past. The robots management systems, activity automation, etc has increased the fixed cost share in the total cost and the variable cost has become a very minute share of the total cost of the activity. This variable cost which is often referred to as controllable cost, is very less in percentage share of total cost today than 10 years back. In the future, we will see it as a very very very small share of total cost. This makes the today's management costing techniques obsolete and requires new solutions, new techniques, new softwares, etc. to manage the companies operations.
Total cost of 10000 snowboards
Per unit Total
Direct material 100 1000000
Direct Labor 30 300000
Variable overhead 45 450000
Fixed overhead 635000
Fixed selling and administrative costs 115000
Total cost of 10000 snowboards 2500000
Cost of one snowboard = Total cost of 10000 snowboards / Total number of snowboards
Cost of 1 snowboard $ 250
Thus, the cost of 1 snowboard = $ 250
Now, the selling price is set as = Total costs + 15 % on total costs
Selling price = $ 250 + (15 % × $ 250)
Selling price = $ 250 + $ 37.50
Selling price = $ 287.50 per snowboard
The cloud computing trend in computer hardware platforms explains how more and more people are using tablet devices to run enterprise wide software applications from remote locations.
<h3>What is
cloud computing ?</h3>
Cloud computing can be regarded as the system that allows network-based access to use communication tools like emails and calendars.
It helps in cloud-based infrastructure which uses communication, hence, cloud computing trend in computer hardware platforms explains how more and more people are using tablet devices to run enterprise .
Cloud helps the network-based access to be able to communicate tools such as; emails and calendars.
One of the cloud-based infrastructure that is very common to the society this time is Wats app and can as well be regarded as the example of cloud computing.
The major or main types of cloud computing services that is very common are;
- Infrastructure-as-a-Service (IaaS)
- Platforms-as-a-Service (PaaS)
- Software-as-a-Service (SaaS)
Learn more about cloud computing at:
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The French wine producers are adversely affected while the United States wine producers benefit from the United States tariffs. The French government would likely retaliate by imposing tariffs on the United States beverage firms, which would adversely affect their value. The French beverage firms would benefit.
