One Cost System Isn't Enough
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- Synopsis
- No one cost system gives managers all the information they need to promote operational efficiency and produce the highest quality product at the lowest cost. Cost systems must serve three functions--inventory valuation, operational control, and product cost measurement. This system for operations management performs three functions: it reports information according to production cycles, differentiates between fixed and variable costs, and allocates costs only to cost centers directly related to production activities. A more subjective system is advised for measuring product costs, starting with interviews with supervisors and including transaction measures as well as traditional volume-related measures.
- Copyright:
- 1988
Book Details
- Book Quality:
- Publisher Quality
- Publisher:
- Harvard Business Publishing
- Date of Addition:
- 08/03/16
- Copyrighted By:
- Harvard Business School Publishing - HBR
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.