1) why is Lack of support from management a practical difficult to cost accounting installation?

2.how could Resistance by existing accounting staff impact on the challenging applicability of cost accounting?

3.explain your understanding of the  Non-cooperation from middle and bottom level management in the cost accounting environment

4.generate the contributions of Heavy expenses in installing and maintaining the system in influencing cost accounting

5.identify the essentials of an ideal cost accounting system

6.how is the Reconciliation with financial accounts considered a paramount necessity in cots accounting system?

7.how can uniformity be achieved when dealing with cost accounting systems?

8.generate the concepts of the Direct Materials Costs to be utilized when calculating the cost accounts

9.explain the nature of the labor costs in any dimension analyzed and utilized in cost accounting concepts

10.shed light on the applications of administrative costs in cost accounting

Answer:

1.why is Lack of support from management a practical difficult to cost accounting installation?

Top management do not support  cost accounting installation for the fear that the system acts as a device  to check their activities. They treat the cost system as an hindrance to their work . The directors often launch the cost accounting systems without the knowledge of top management because of such hindrances.                                                                                                        

2. how could Resistance by existing accounting staff impact on the challenging applicability of cost accounting?

Existing staff may  feel threatened by the new system hence resisting its installing, they may think that the system may replace them in their occupation, they fear being unemployed and the resistance is always high. The staff are always uncertain of their  position on introduction of new systems in the organization.

3. explain your understanding of the  Non-cooperation from middle and bottom level management in the cost accounting environment

the middle and bottom level management may not like the increment of paper work on the introduction of cost accounting system and may not work along with the other department in availing the information needed for the efficiency of the accounting system .              

4. generate the contributions of Heavy expenses in installing and maintaining the system in influencing cost accounting?

When the cost system is not designed properly in accordance to specific task it leads to heavy expense in installation and maintenance of the system making it difficult to have a cost accounting system in an organization 

the cost accounting system should be  able to avail information to every department in the organization and if it does not do that the maintenance of the system may be high  to the organization .

5. identify the essentials of an ideal cost accounting system?

An ideal coasting system should be simple  .the simplicity is important for easier understanding by all people at all levels .

an ideal casting system should be flexible . The flexibility is important  because when changes in circumstances and conditions occur the system  can change with ease .

An ideal  costing system should be economical . it should not be expensive than  the business financial capability , plus when it is expensive the management may not be willing to pay for it .

An ideal coasting system should be comparable such that during performance evolution  by manager post figure can be used to compare  performance.

It should be suitable for the business meaning it should be drawn up in accordance to the size ,requirement ,nature and condition of the business .

6. how is the Reconciliation with financial accounts considered a paramount necessity in cost accounting system?   

Reconciliation with financial accounts  is a necessity so as to see the variation between the profit and loss  in the organization , it also helps in the arithmetical accuracy of accounts as well as  discovery of errors and omissions in the books of accounts of the organization .  

7. how can uniformity be achieved when dealing with cost accounting systems? 

  Uniformity  in is achieved when different firms of an industry apply a common system of costing and the data that is produced is comparable to its maximum levels. 

Uniformity is also achieved when the accounting periods of different firms in the industry are similar.

Uniformity is also achieved when reports and cost statements are prepared uniformly.                                                                                                                                                   

8. generate the concepts of the Direct Materials Costs to be utilized when calculating the cost accounts

Direct material cost is the summation of the direct costs of materials  incurred during the accounting period.  

when calculating cost accounting  the direct material cost  is obtained from the addition of direct material purchased and the direct materials at the begging then subtract the direct material at the end.                                                                                                

9.explain the nature of the labor costs in any dimension analyzed and utilized in cost accounting concepts

Labor cost takes two forms that is direct labor cost and indirect labor cost.

Direct labor cost is cost of labor engaged to the production operation directly. For example in motor vehicle industry direct wages cost is for workforce engaged in assembly of the parts.

Indirect labor cost- This the cost paid for labor engaged for assistance in the production processes for example the wages of the watchmen and the supervisors.                                                        

10.shed light on the applications of administrative costs in cost accounting

Administrative cost are expenses that  are indirectly related to the business but are incurred by the business. In cost accounting this administrative costs are included . They are budgeted out since they do not generate an income in the company.