Question: Question: Briefly explain the cost manegment system objectieves. Be sure to illustrate answer using some examples. please use the objectives shown in the picture and

Question:

Briefly explain the cost manegment system objectieves. Be sure to illustrate answer using some examples.

please use the objectives shown in the picture and dont 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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