Question: Why are cost accounting systems critically important to managers
Why are cost accounting systems critically important to managers?
Answer to relevant QuestionsWhat are four purposes for cost allocation?“For a furniture manufacturer, glue or tacks become an integral part of the finished product, so they would be direct material.” Do you agree? Explain.During seminars on ABM, participants often ask about the difference between ABC and ABM. Explain briefly. Why is this important to managers?Why are more organizations adopting ABC systems?Listed next are several activities and related costs that have been observed at Santana Company, a manufacturing company. The company makes a variety of products and currently uses a traditional costing system that allocates ...
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