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Classification of equal

Planning
Planning is a very general verge which covers longer-term strategic planning and shorter-term operative planning. Longer-term strategic planning is focuses on the objective of high society, and it also concern with the maximization of profit .Besides, shorter-term operational planning is referred to as functional strategic planning. It concentrates on the serve of specific functions within the business.

Cost that have to consider spot planning:
Direct cost
* Is a cost that promptly related to a conk outicular object or proceeds or location.
* It can be classify into demand material, direct labour and direct expenses.
* Example: Company produce a product .The cost of raw material, salaries for worker (who related to the proceeds only) and any expenses incurred to produce the particular product. Those costs are regarded as direct cost.

Indirect cost
* Is a cost that indirectly related to a particular object or operate or location.
* Example: Company produces a product. The rental fee, salaries for institution (who is not related to the fruit) and any expenses that not related to the production such as electricity bill. Those costs are regarded as indirect cost.





Control
Once a decision has been taken, management mustiness be in a position to control the activeness and to have a view on whether the outcome is in accordance with the initial plans with the objectives derived from those plans .To implement the control process, individual managers will require timely, relevant and accurate information about the part of business for which they are responsible.

Costs that have to consider piece of music control:
Controllable cost
* Cost that can be control by management .Normally , it is refer to the variable cost
* Example: If a company want to addition its output, company have many ways such as increase labour hour working time (overtime), increase the cadence of input or using advanced technology. In...If you want to loll a full essay, order it on our website: Orderessay



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