Question: In short explain the cost management system objectives. Be sure to illustrate answer using some examples. (in your words please) . please use the objectives

In short explain the cost management system objectives. Be sure to illustrate answer using some examples.

(in your words please) In short explain the cost management system objectives. Be sure to illustrate

please use the objectives shown in the picture and don't forget the examples. thanks

Cost Management Systems Objectives o Measure the cost of resources consumed. Identify and eliminate non-value-added costs. [ Determine efficiency and effectiveness of major activities. o Identify and evaluate new activities that can improve performance. 12

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