To really understand management accounting, you need to grasp how manufacturing, merchandising and service organizations do business. Management accounting historically began with a focus on planning, controlling, and evaluating costs. ... What if, for example, HONDA sells its 2002 Accord LX for $23, 945 (its intended sales price), but the actual cost of ... If the accurate cost is only $18, 000, other manufacturers, such as FORD, may sell their cars for much less than Hondaanbsp;...
|Author||:||W. Steve Albrecht|
|Publisher||:||Thomson South-Western - 2002-01|