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One problem that exists in costing systems is the difficulty of allocating fixed costs to products. This is almost always done arbitrarily and there is an element of distortion, particularly if a number of products are involved. One way round this is to use Marginal or Direct Costing, which divides costs into fixed and variable costs.

Stock Turnover is a useful ratio for judging performance but there is no common yardstick that can be applied to all firms, as this varies according to the nature of the business.

When you’re a manager, will you lead or would you prefer to reign? It’s better to inspire than to tyrannise – here’s how to go about good delegation…
12-14 October Earls Court 2, London
A brief tour of the wonderful world of Statutory Sick Pay – one of the trickier aspects of ascertaining gross pay, and essential knowledge for Payroll students.
9-10 June NEC Birmingham
I read in a recent copy of Recruiter that a new register for cold calling could cause problems for recruitment agencies. We’re a small recruitment consultancy and rely on cold calling to build a lot of our new business. Being unable to cold call people w
WINNER Best contribution to corporate responsibility/ Best purchasing initiative by a smaller organisation Fusion 21 An innovative group is tackling repairs, skills shortages and long-term unemployment in local communities
Client referrals are a reliable and cost effective way to build your accountancy practice, but there’s a right way and a wrong way to ask for them.
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