management accounting

Revision question on how to calculate break-even point and margin of safety.

Bonne Bia limited is a newly formed company in the catering business founded by Kate and Paul Johnson. Kate and Paul have considerable experience in the food industry and saw an opportunity to establish a food/beverage business to service the tourist market during the four months from May to August. The business will be located in Wexford and permission has … Read the rest

ISA 250 - All you need to know

Environmental cost – meaning

Various organization has come up with different definition of the term environmental cost. So there is no definitive answer to question “what is meant by environmental costs? In most cases the term is taken to mean any cost that have relevance to the environment.

The following are perhaps the most significant environmental costs:

  • Image and relationship costs. The environment is
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What is meant by shadow price?



Shadow price is the value assigned to changes in the quantity of scarce resources available normally measured in terns of contribution. If more critical scarce resource becomes available then the feasible regional would tend to expand and this means that optimal point would tend to move outward away from the origin thus earning more contribution.
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Environmental cost – meaning



Various organization has come up with different definition of the term environmental cost. So there is no definitive answer to question “what is meant by environmental costs? In most cases the term is taken to mean any cost that have relevance to the environment.

The following are perhaps the most significant environmental costs:

  • Image and
Read the rest