Question

Discuss How Operational control, product and customer costing management control and strategic control Help in making managerial decisions. ( Full Related answer )

Answer 1

classmate Date Pooc achiet prode Operational Couto Operational Control ensures_day-toelauta activities are lansistent with established plans and objective. This are short-term Objectives which helps the organisation to achieve its long term obfective - Operational Conled. are planned / Budgeted Before Deploying - Corrective action is taken when performance does not meet standards. ot a soru 아 pric ces! Managment Cav, evaluate and make decision Based on this the præoss of this evaluation decision is made from this four criteria. ? Setting Standard of pertornance 2) Measurement of pertornavel 3) Avalysing variances - 4) Talking Corrective action. So, Managment Participation and decision ere Involved in each criteria__ to ensure proper analysis is node to ILSTER B to Z

CLASSMACC achieve its long-term tivancial goals product and_customer_losting navagnent Product losting is the method or assigning Cost to the company product/ Services. Also there are dittrent hetues of Costing with an organisation can use to _price the product. ___ Abter using a relevent product. I costing Method, margment can decide wheather or not to choose the costing I metuod. it helps the manquent to price the product properly to achieve it's protit goal Some of the Common pricing Method are, AB Activity. Based Costing Marginal and Absorption costing method, - lite cycle Costing method, throughput losting Methodl. - For deciding each criteria there must be proper expertise, And mananent have the responsiblity to choose the relovent lasting methoel to maximise

classmate Riot - Shalangic Control - Stratorgic Control is the process used by the Top Mangnent do conhed tue forntion and execution of Stratergic plano- it also involves the preparation of 1 long-term 679 anisational goal. I eleals I with uncertinity and Budget of future Fito organisational objective . - it helps the Mangwent to Create and fornuleta a Budgeted plav te , execute. So, each of the the managment to execute. three criteria helps - control, plan and