Business

Factory Overhead Budget

Factory Overhead Budget

Factory Overhead Budget The overhead budget is an operational budget contained in the master budget of a business. Factory overhead is also known as manufacturing overhead. It is the aggregate of indirect expenses of the factory department. It has two sections, one for variable overhead costs and.....

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Direct Labor Cost Budget

Direct Labor Cost Budget

Direct Labor Cost Budget In order to convert direct materials into finished goods, you need direct labor. Labor cost budget is calculated on the basis of labor hours required for budgeted production volume and labor hour relate to each type of labor force. This allows management to anticipate hir.....

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How to write Formal Announcement Letter?

How to write Formal Announcement Letter?

Formal Announcement Letter is the declaration or a statement about an important event, occurrence, change in company policy or a meeting that people need to be aware of. Formal Announcement letters are used for a variety of personal or business applications. It is written to inform the people abo.....

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Cash Budget and its Preparation

Cash Budget and its Preparation

Concept of Cash Budget and its Preparation A cash budget is a summary of the firm’s expected cash inflows and outflows over a projected time. It helps to ensure that your organization, division, or department will have the cash necessary to function throughout the budget period. In other w.....

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How to Write an Announcement of Company Representative Visit?

How to Write an Announcement of Company Representative Visit?

The announcement of a company representative visit letter is a letter written in order to make an announcement of a  representative for a visit which can be related to sales, accounting, etc. This letter informs the customer about new business contact and gives relevant details. It also makes th.....

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Concept of Make or Buy Decisions

Concept of Make or Buy Decisions

Concept of Make or Buy Decisions A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier. A firm may be manufacturing a product by itself. It may receive an offer from an outside supplier to supply that product. Similarly, a.....

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How to write a Business Announcement Letter?

How to write a Business Announcement Letter?

The profession of business is based on communication. Business announcement letter helps in declaring an event, profit, and loss, change in the policy and management, handover, takeover, merging, etc. The better the communication between the businessman/businesswoman and his or her customers/clie.....

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Concept of Special Order Decision

Concept of Special Order Decision

Special-order decisions involve situations in which management must decide whether to accept unusual customer orders. The decision to accept or reject a specially priced order is common in both the service industry and manufacturing firms. Manufacturers are often faced with decisions about sellin.....

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How to write General Manager Announcement Letter?

How to write General Manager Announcement Letter?

The purpose of writing an announcement letter may be different, but the objective is the same, to provide information about anything and everything. The general manager announcement letter is the official letter written by one official to another informing the latter about the appointment status .....

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Concept of Drop or Continue Decision

Concept of Drop or Continue Decision

Concept of Drop or Continue Decision A decision whether or not to continue an old product line or department, or to start a new one is called an add-or-drop decision. The management of the company may face a problem of dropping/shutdown or continuing the manufacturing and marketing facilities. An.....

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How to write an Announcement of Play Letter?

How to write an Announcement of Play Letter?

Announcement letters are usually written in order to provide pieces of information or announcements about anything and everything. However, making an announcement needs a specific platform and when you have to give it in writing then it has to be more formal. Whatsoever be the content, the writt.....

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Concept of Decision Making

Concept of Decision Making

The concept of Decision Making Decision Making is an important function in management. Business has limited resources. One of the most important tasks of management is to allocate these resources effectively and efficiently to achieve the company’s goals and objectives. Decisions are taken .....

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