Week 1 Problems .docx - P 1-2 One Cost System isnt enough...

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P 1-2: One Cost System isn’t enough Costs and benefits of having a single measurement system Costs: Single measurement systems are sufficiently bad for manager to accumulate all sort of imperative data in a well-organized way which can help them to take the significant choice to make operational efficiency in a universe of full rivalry. These days a manager needs operational effectiveness to gauge product unit cost and reduce it because of moving of rivalry to low-cost production yet single measurement system is not reasonable for giving such data to cost estimation and if a single measurement system does that it can't be fit for all sorts of businesses. Benefits: A single measurement would be very simple and cost efficient. If a company use a single measurement it would be very easy and much cost-effective to install cost system and operate it to measuring different product cost and analyzing it for achieving efficiency to beat the competition.
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  • Spring '11
  • Lagrone
  • Managerial Accounting, Generally Accepted Accounting Principles, single measurement

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