Managerial Cost Concepts

Managerial Cost Concepts - 2 If we decrease production...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Managerial Cost Concepts In order for managers to plan, direct, and control operations effectively, they need good information. One very important type of information is related to costs. Managers should ask questions such as the following. 1. What costs are involved in making a product or pro
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2. If we decrease production volume, will costs decrea 3. What impact will automation have on total costs? 4. How can we best control costs? To answer these questions, managers need reliable and relevant cost information....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online