Average Costs and Variable Costs as Performance Measures
3 pages (750 words)
, Download 0
... Accounting Average Costs and Variable Costs as Performance Measures According to Pride, Hughes and Kapoor , Cost Accounting involves such processes as the collection, analysis, summary, and evaluation of certain courses of action in order to offer invaluable advice to the management on the best way to act regarding cost efficiency versus capability. Through cost accounting, the management can understand the management needs and in this regard control the current operations as they plan. Normally, in every accounting environment be it within an organization or the government institutions, there are costs of production that include the fixed and the variable costs (Drury, 2008). While fixed costs do...