8. INTRODUCTION TO MANAGEMENT ACCOUNTING. Table of Cont
Added on - Sep 2019
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1INTRODUCTION TO MANAGEMENT ACCOUNTING
2Table of ContentsSolution to (b)3-4Solution to (c)5-6References7
3IntroductionTheSeafarer Kayaks is engaged in the manufacturing of the various Kayaks, Firms oil accounts were notable to continue due to its disability and hence as a new accountant i have been appointed. The report willaddress the owner the importance of the product costing system. Also it explains how the standard costingwill help firm to find more accurate control. It is to be noted that for any company determination of pricecomes under the critical business decision. For determination of the price the actual cost of the priceshould be known accurately and for that product costing system require. Standard costing system onanother hand works as controlling tool , the report also analyse how it will be useful to the company.