Performance Management

Direct materials price variance is an integral part of cost accounting that you must understand as a student. If you are also the owner of/an accountant in a manufacturing facility, you equally need to pay close attention to this variance since you’ll frequently deal with it in delivering your duties. This article seeks to enlighten …

Direct Materials Price Variance Read More »

Look around you and you would be surprised by the number of sinners walking freely. Did you just ask why? Well here is the reason. Most people are guilty of using price and cost interchangeably to mean the amount of money required to buy something in our day to day interactions.  In the business, economics …

Difference Between Cost And Price Read More »