This assignment examines the use of management accounting principles at R.L. Maynard. It analyzes the advantages of absorption costing over marginal costing used by the company. The analysis further delves into budgetary control practices employed by R.L. Maynard to manage financial performance and identify discrepancies between actual and budgeted figures. The document highlights the significance of management accounting in facilitating informed decision-making for organizational growth and addressing financial challenges.