The CEO of your company has asked you to prepare a written presentation to be given at the next board of directors meeting on why different types of cost information needs to be reported to support different managerial purpose and decisions.

1.) What type of cost information are reported to support managerial purposes and decisions?

2.) Describe 2 major categories of purposes that are supported by cost information.

3.) Describe how cost information supports both these categories.

4.) What is cost object and how is it used by the management accountant?

5.) Explain how to arrive at the derivation of cost.

 

 

 

 

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