Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 1 - The Manager and Management Accounting - Assignment Material - Exercises - Page 23: 1-22

Answer

a. Planning; b. Control; c. Planning; d. Planning; e. Control.

Work Step by Step

a. Planning for expansion through market development b. Evaluating past performance by calculating the profitability of the recent job c. Planning: deciding how to attain the desired goals by weighing the purchase of an expensive machine d. Planning: predicting results under various alternative ways of achieving those goals, here is to provide emergency service e. Control: evaluating past performance, and providing feedback and learning to help future decision making by comparing actual fuel costs to budget costs
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