Page 97 - MAC4861_2 Costing Class Slides Part 1

TEST 3 - 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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