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What benefits can come from tracking the spoilage rate

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Question - This week we are introduced to cost management and the various factors that drive costs. Suppose you are a production manager and you are told by the company's controller that a new policy will require that you track any spoiled or scrap material. Why do you suppose the controller wants a written record of spoiled material? What benefits can come from tracking the spoilage rate per job? Be sure to provide examples.

Reference no: EM132683085

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