Question

How does management use quality cost information? Why has the role of management accounting expanded?

How does management use quality cost information?

Why has the role of management accounting expanded?

Homework Answers

Answer #1
  • Management uses the quality control information to monitor the financial significance of defects.
  • It helps management to identify the related importance of the quality problems faced by the company.
  • Quality cost information helps management to know whether their quality costs are fairly and evenly distributed.
  • The role of management accounting has expanded to devote more time and skills to take critical decisions related to the organizational structures, systems, and decisions that helps to improve businesses, not-for-profit organizations, governments, and society.
  • Management accounting increases the overall efficiency of the management.
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