TY  - JOUR
AB  - Innovative Always (IA) is a small manufacturing unit which has implemented Standard Costing. It has five departments which are headed by five partners. For cost control monthly budgets are prepared. At the end of each month, actual are compared with budgets and variances are calculated. Performance of the five partners alongwith their respective departments have to be evaluated with the help of detailed variance analysis. The case also throws up some conceptual issues like Normal Output, Interdependence of Variances and Recalculation of certain variances for assigning clear cut responsibilities to concerned departments. A comprehensive case on Budgeting and Standard Costing, it showcases the importance of Flexible Budget and Variance Analysis for cost control and performance evaluation.
VL  - 
IS  - 
SN  - 2633-3260
DO  - 10.1108/CASE.IIMA.2019.000043
UR  - https://doi.org/10.1108/CASE.IIMA.2019.000043
AU  - Shruti Dave
PY  - 2012
Y1  - 2012/01/01
TI  - Innovative Always
T2  - Indian Institute of Management Ahmedabad
PB  - Indian Institute of Management Ahmedabad
SP  - 1
EP  - 2
Y2  - 2024/04/20
ER  -