Think back to Activity 41.1. What message have you taken from these four statements: 1. Data which
Question:
Think back to Activity 41.1. What message have you taken from these four statements:
1. ‘Data which is provided for a particular purpose, and which is completely wrong for the purpose, is worse than having no data at all.’
2. ‘The wrong kind of costing can be even worse than having no costing at all.’
3. ‘Some budgets that are drawn up are even more harmful to a firm than if none were drawn up at all.’
4. ‘If the “wrong” standards are used, not only will a lot of time and money have been wasted, but it may bring worse results than if no standard had been set at all.
Data from Activity 41.1:
What does this last statement remind you of from earlier chapters?
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In order to obtain maximum benefit from costing systems and management ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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