Assume that you were hired as a cost accountant by a new company. You might want to look to your current or previous employer or think about a small business idea you would like to own and operate. Create a new company, including name, purpose, activities, products, services, and operations.

Prepare a business letter addressed to the board of directors of the new company. The business letter should open with a background summary of the companys purposes and activities. You should also provide an explanation of the importance of cost accounting with a company or organization.

Then, recommend at least one cost accounting technique/tool to achieve each of the managements functions: planning, supervising, controlling, and motivating.

While many of the techniques/tools covered in this course can be used to accomplish more than one function, you should select a different technique for each function. Your business letter should recommend at least four different cost accounting techniques that have been covered in this course.

For each cost accounting technique, your business letter should:

• Identify which management function will be achieved (planning, supervising, controlling, or motivating)
• Determine how the management function will be achieved based on your recommendation
• Provide an example of each, such as calculations or charts

Support your letter with at least three scholarly resources.