Question: Section IV: Evaluate and discuss whether the firm could benefit by using standard costs. The discussion should include what factor(s) influenced your decision, the ramifications

  1. Section IV:Evaluate and discuss whether the firm could benefit by using standard costs. The discussion should include what factor(s) influenced your decision, the ramifications of costs, quantity, and variances, and the ramifications of using standard costs in the international business environment.
  2. Section V: Evaluate and discuss how the firm could benefit by analyzing future projects in terms relevant costs. This discussion should include the firm's future plans, such as, expansion, consolidation, and downsizing and how relevant costs could be used in the decision making.

Per the paper assignment ,I have chosen Cummins,Inc as the firm mentioned above (MBAA-517)

1- I have done a search regarding standard costs. I cant find much more than whats alreadyin my managerial accounting textbook. Cummins has business in China and India

Any insight in what direction to go in as far as searching?

2- Relevant costs- Same issue. I think I am having a problem in starting my research

Thanks

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