1- Every company
strives to control costs to be competitive. Using the information you have learned thus far in the course, discuss how managerial accounting can contribute to cost control.?Be specific.
2- Discuss the advantages and disadvantages of preparing a participatory master budget.
3- Managers use management by exception for control purposes..?(1) Describe the concept.?(2)?Explain how standard costs help managers apply this concept to monitor and control costs.?(3) Find a firm that utilizes management by exception and discuss their application.
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