Identifying Cost Management Information System Objectives Consider the following actions associated with a cost management information system: Select the appropriate objectives for each of the following actions of a cost management information system: Required: a. Eliminating a non-value-added activity b. Determining how much it costs to perform a heart transplant C. Calculating the cost of inspecting components from an outside supplier d. Developing and using a budgeted income statement for a division e. Eliminating the need to inspect by improving the quality of products and processes f. Determining whether selling a product at split-off is more profitable than processing it further before selling it g. Calculating the cost of producing an e-book h. Using a trend report on quality costs to assess the effectiveness of a quality improvement program Costing of service Costing of product/activity Costing of development project Costing of product Decision making Planning and control 1. Determining the units that must be sold to break event j. Calculating the cost to perform a tooth extraction i k. Determining the total cost of moving goods 1. Using JIT purchasing and manufacturing to significantly reduce inventories m. Using unit product cost to help develop a bid price. Previous Next