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Intro to Cost Management System
(Management control systems) Following are activities that are components of a management control system in a production department. For each item listed, discuss whether it is a detector, assessor, effectors, or communications network:
a. Comparing actual costs to budgeted costs and calculating cost variances
b. Reporting variances
c. Implementing changes in production systems to correct the largest negative variances
d. Measuring actual costs
Submit your Synthesis and Final Project Audit by the end of this unit. For the final steps of your audit, be sure to revise your previous assessments based on any instructor feedback. Then synthesize the four assignments you completed from Unit 2 ..
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