MANAGEMENT ACCOUNTING SOLUTION
VerifiedAdded on 2019/10/31
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The assignment content discusses the concept of management accounting, specifically focusing on cost recovery and contribution margin. A company's ability to recover fixed costs is reflected in its contribution value, which affects profitability. The article also highlights non-financial factors that should be considered when deciding whether to accept a special order, including winning over competitors, customer loyalty, future prospects, and capacity of production. Ultimately, the decision should balance financial and social responsibilities.
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