Page 8 - Manac Costing Test 1 class slides - 4. Planning And Control
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COSTING
Cost management techniques / principles
Benchmarking
• External and internal benchmarking can be used to
compare key activities or processes in order to improve
them.
• Study the following sections in Management and Cost
Accounting (Drury – 9th ed.): Chapter 21 page 571–572
• Note the following from the studied information:
• The advantages and disadvantages of benchmarking.
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