Although maintaining the current plant- wide rate Is probably not Illegal, its continuation has one purpose: to extract profits from government business. Doug knows the plant-wide rate Is not accurately assigning overhead costs to various Jobs and Is willing to alter the assignments on an …
To continue overpricing knowing the new overhead rates would more than make up for any lost profits from the government sector through more completive bidding In the private sector is a clear indication of greed. While managers have an obligation to maximize profit and shareholders …
Goals
The main objective of managerial accounting is to maximize profit and minimize losses. It is concerned with the presentation of data to predict inconsistencies in finances that help managers make important decisions.
System
Management accounting systems (MASs) are defined as systematic processes of control used to influence members in organizations to achieve the firm's goals [33].
Managerial accounting book
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