Read chapters 23 and 24http://www.principlesofaccounting.com/

Completea report summarizing these concepts decision making including standard costs, responsibility accounting, and using accounting information and calculations for business analysis.

Additionally, here are some topics to consider:

• Why would income statement results prepared and reported externally, following GAAP absorption costing, differ from income reported internally, in a variable/fixed contribution margin format?
• What analysis tools are available to help management analyze large, capital investment options decisions?

References

Principles of Accounting. Retrieved from:https://www.principlesofaccounting.com