In a January 5, 2006, BusinessWeek article titled "Pursuing New Power for Hybrids," author Bradley Berman notes that Toyota and other automobile manufacturers will continue to accelerate the development of lithium batteries for use in hybrid cars. Currently, the batteries used to power these vehicles are the single most expensive element in the hybrid system. Thus, in order to remain profitable and be competitive, manufacturers will need to reduce the incremental costs of producing hybrid models.

Instructions

Write a short paragraph explaining how automobile manufacturers might benefit by using information from their process costing systems to assess the cost of input resources in the manufacturing of hybrid vehicles.