Accountancy, asked by svpadmavathi5488, 1 year ago

Methods and techniques of cost control and cost reduction

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Answered by HimanshuSomvanshi
3

Answer:

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The following tools and techniques are used to reduce costs:

Budgetary Control.

Standard Costing.

Simplification and Variety Reduction.

Planning and Control of Finance.

Cost Benefit Analysis.

Value Analysis.

Contribution Analysis.

Job Evaluation and Merit Rating

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