Standard Costing, Ethical Behavior, Usefulness of Costing
INTRODUCTION In the current competitive environment, standard costing, a commonly employed strategy in manufacturing, has come under fire for perceived shortcomings in delivering continuous improvement. This essay addresses standard costing’s function and importance in the current manufacturing environment and the main objections to it. Despite the objections, standard pricing is still widely used, raising concerns ... Read More
Pages: 5 Words: 1368