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Managerial decisions
Guiding Managerial Choices Through Cost Accounting Principles
December 15, 2023
What are the principles of cost accounting that guide managerial decisions?
Cost accounting principles like causality, cost behavior analysis, and relevance guide managerial decisions. Causality ensures costs are tied to activities or products, while understanding cost behavior over various activities aids in decision-making. Additionally, relevance focuses on using only pertinent information for decisions, ensuring accuracy and effectiveness.
Tags : Cost Accounting , Managerial Decisions , Principles