Explain why did Disney organization use the Cost Accounting and Cost Control Technique to operate efficiently and to track progress toward goal attainment?

80-95 words

Technique # 3. Cost Accounting and Cost Control: Profit of any business depends upon the cost incurred to run a business. Profit is maximised by reducing the cost of operation or production, so, the business concern gives much importance to the cost accounting and cost control. Management uses a number of systems for determining the cost of products and services. The cost accounting procedures and methods differ from one industry to another according to the nature of industry. They are used for effective cost control and cost reduction