Understanding Basics

Providing Knowledge

  • Stock characters and stereotypes of Male behavior

    How are men portrayed in The Rover? Discuss stock characters and stereotypes of male behavior.  The male characters in AphraBehn’s The Rover are representative of the various shades of male sexuality. The character of Blunt for example may be symbolic of the Virgin as we see that he is somewhat innocent, naïve and that he puts […]

  • Closeted Homosexuality in Angels in America

    Closeted Homosexuality in Angels in America The characters in the play Angels in America by Tony Kushner all struggle with their own sexuality. Prior, Belize, Louis, Joe, and Roy all deal with their own sexual issues in this play. Prior is the most openly homosexual character while Roy is the most closeted. Prior is chosen […]

  • Comparative Income Statement

    Comparative Income Statement In variable costing method the income statement is prepared by focusing on the variable costs incurred during the period and those costs are capitalized. First of all the revenues are presented and their presentation is same in both costing methods. Afterwards the method changes when the cost of goods sold is presented. […]

  • Transferred-in costs

    Transferred-in costs Many Process-Costing systems have two or more departments or processes in the production cycle. As units move from one department to another, related costs are transferred monthly through journal entries. Transferred-in costs are also known as previous-department costs, which can be explained as costs which were incurred in previous departments and to be […]

  • Reciprocal Method

    Reciprocal Method This method is different from direct method and step down method. The reciprocal method allocates support department cost to operating departments by completely recognizing the shared services provided by all the support departments of the organization. We can explain this concept by taking an example of the organization set up, that is, the […]

  • Sales Variances

    Sales Variances Sales variance analysis helps management to determine the cause. it control the variances and it guides management to move towards a better, profitable and informed management of the resources. Now there are different types of variance analysis. Which help management on a different level in analyzing the sales situation. At level one, we […]

  • 5 Steps in Decision Making

    5 Steps in Decision Making Decision making process can be divided into many steps and processes but there are mainly five steps that are common or which include other steps. Step one includes obtaining information. This can be done while reviewing the past, present and expected future information. Each and every little detail is important […]

  • Budgeting Activity

    Budgeting Activity An organization budget can be broken down in to two main parts, one being the operating budget and the other being the financial budget. The operating budget mainly directs or we can say revolves around the revenue budget as everything is connected with the expected sales an organization is likely to have. Now the […]

  • ABC costing system

    Warning Signs That Suggest That ABC could help a Firm: A firm needs to have a refined costing system which can reduce broad averages for cost assigning purposes to cost objects and provide management with better and accurate information for decision making or cost controlling techniques. The firms need to observe the signs where ABC […]

  • Costing Approach

    Costing Approaches In costing for the direct and indirect expenses we need to assign the overall indirect costs to a specific job, so that the management can have a close estimate of the costs spent on various jobs throughout the year. The major purpose for this allocation of costs to specific jobs focuses pricing of […]