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Managerial Accounting , Fifth Edition
Belverd D. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Sherry K. Mills, New Mexico State University
Henry R. Anderson, University of Central Florida
Research Activities

Identifying Relevant Decision Information



Instructions: Use one of the following www search sites or the Business Readings from the journal Management Accounting available via the link below to search for an article written about standard costs and variance analysis. Alternatively you can choose any of the Management Accounting articles to further your understanding of cost control.


WWW Search Sites:
  1. Yahoo
  2. Excite
  3. Lycos
  4. Infoseek
  5. AltaVista


Business Readings


Extended Research Activity



Read the Management Accounting article entitled "Strategic Cost Management" by clicking below. The article states "In today's highly competitive environment, cost management has become a critical survival skill for many firms. But it is not sufficient to simply reduce costs; instead, costs must be managed strategically. Strategic cost management is the application of cost management techniques so that they simultaneously improve the strategic position of a firm and reduce costs." Summarize the three types of cost management initiatives and describe how they support the notion of strategic cost management.



Either print out your answers for submission or email them to your instructor.

   


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