Question: ABC (Activity Based Costing), Balanced Scorecard, and Value Chain Analysis, are just a few popular examples among new trend in cost management /managerial accounting. Please

ABC (Activity Based Costing), Balanced Scorecard, and Value Chain Analysis, are just a few popular examples among new trend in cost management /managerial accounting. Please research these three topics post your comments /discussions, as you go through reading of your textbook chapters.

Regarding new trend and practice in managerial and cost accounting and cost management field, here is a three-part question for your thoughts and for our good class discussion: Part A: What is the value chain? Describe, in sequence, the main components of a manufacturer's value chain. Part B: Explain what is meant by %u201Cbalanced%u201D in the balanced scorecard approach. (studied in ch.24) Part C: What is ABC (activity-based costing), and what are its potential benefits

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