Chapter 1 - The Manager and Management Accounting - Assignment Material - Problems - Page 25: 1-31(7)

Guideline- Different Costs for Different Purposes Reason- Here Different cost are used for different purposes. Budget statement focuses on quantifiable losses (ie; estimated scrap and waste value) for reporting purposes. But major reason for future loss of business involves intangible aspects like goodwill, reputation, customer loyalty, customer retention policies.

Guideline- Different Costs for Different Purposes Reason- Here Different cost are used for different purposes. Budget statement focuses on quantifiable losses (ie; estimated scrap and waste value) for reporting purposes. But major reason for future loss of business involves intangible aspects like goodwill, reputation, customer loyalty, customer retention policies.