Value Added, Value Judgement, Variable, Variable Budget

Value Added, Value Judgement, Variable, Variable Budget :

Value Added : When we increase the amount of cost of goods by adopting a particular method of processing : The contribution made by the manufacture to the value of goods, calculated by finding the difference between cost and sale value

Value Judgement : A judgement of situation, how important it is, based on past experiences and knowledge

Variable : Something, which is not fixed : Descriptive of expenses that change with level of activity : An element in a programme that varies with input : Descriptive of those things that can affect the demand for a product

Variable Budget : A scale through which we analyse the cost at various level of output. A tabulation of those things which changes with the level of activity or production

Value Added

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