One of the most difficult parts of ownership and management is making decisions. Much of cost accounting relies on the ability to gather the cost detail in an effort to support these difficult decisions from management.
For this module’s project piece:
In a 1-2 page Word document, describe how the cost information that has been created up to this point in the project will help you in the decision making criteria process.
Be sure to leverage some of the decision making models to develop and describe your own managerial decision making framework for use in your business.