Managerial Cost Concepts

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

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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
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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....
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