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The Lean CFO
book

The Lean CFO

by Nicholas S. Katko
September 2013
Beginner
151 pages
4h 24m
English
Productivity Press
Content preview from The Lean CFO
85
8
Decisions, Decisions, Decisions
THE CURRENT STATE: STANDARD
COSTING AND DECISION MAKING
Standard costing information is still a major source of nancial informa-
tion used to understand the nancial impact of business decisions. Since
most manufacturing companies use standard costing systems to value
inventory, the cost of each product is readily available. Most traditional
manufacturing companies consider a product cost accurate. But what is
odd is that a great deal of eort is made to ensure this “accuracy”: keep-
ing run rates up to date, allocating all production costs, and continuously
monitoring actual costs against standard. is leads ...
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Publisher Resources

ISBN: 9781466599406