Page 10 - Manac Costing Test 1 class slides - 2. Variable And Absorption Costing
P. 10
COSTING
Introduction
• The management accounting information provided to those
people must satisfy the following requirements:
• Allocate costs between costs of goods sold and
inventories for internal and external reporting(“Cost
accumulation for inventory valuation and profit
measurement”)
• Provide relevant information to help managers make
better decisions (“Information for decision making”)
• Provide information for planning, control and
performance measurement(“Information for planning,
control and performance measurement”)
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