Cost Accounting: A Managerial Emphasis, 15th Edition
Cost Accounting: A Managerial Emphasis, 15th Edition
15th Edition
ISBN: 9780133803815
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
Question
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Chapter 14, Problem 14.1Q
To determine

To explain: The given statement.

Expert Solution & Answer
Check Mark

Answer to Problem 14.1Q

The comment of the division president is a disagree comment. A president will not only focus on the customer but also see the cost allocation issues with the accountant.

Explanation of Solution

Costing:

Costing is a technique used in cost accounting to determine the cost of a product. With the optimum use of costing a company can reduce the cost burden and increase the profit margin.

  • Only focus on the customer and not on the cost allocation issues it affect the business decision adversely.
  • The cost accounting information is very important for the cost planning and also for the cost reduction.
  • With the figures of cost accounting the company can ascertain the amount spend on the manufacturing of product so that make and buy decision can easily take.

Thus, the statement given by the division president is not correct.

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