The Lean CFO

Decisions, Decisions, Decisions • 105

WRAP-UP

Removing standard costing from business decision making can be one

of the most dicult challenges for the Lean CFO. How much work this

will entail really depends on how deeply embedded standard costs are in

your company’s decision-making process. Successful business people or

companies who have used standard product costs to do nancial analysis

of business decisions are usually big believers in product costs. Remember

that to remove standard costing information from your company’s busi-

ness decision-making system, your primary job is to change the way peo-

ple think about using product costs.

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