Intro to cost management system

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Reference no: EM13778277

Intro to Cost Management System

(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, dis- cuss whether it is a detector, assessor, effectors, or communications network:

a. Comparing actual costs to budgeted costs and calculating cost variances

b. Reporting variances

c. Implementing changes in production systems to correct the largest negative variances

d. Measuring actual costs

Reference no: EM13778277

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