Ghastly Bespoke plc is a manufacturer of tailor-made clothing. They produce three different types of suits: High-quality wool suits, Standard three-piece suits, and Economy suits.

Estimated suit sales, production and usage for the next period are as follows:

	Available	High-quality wool	Standard three-piece	Economy
Labour	21,000 hours	2,000 (80 hours)	1,250 (50 hours)	500 (20 hours)
Wool	500 meters	120 (5 meters)
Tweed	1,250 meters		100 (5 meters)
Polyester	1,000 meters			30 (3 meters)
Lining	2,500 meters	15 (5 meters)	15 (5 meters)	9 (3 meters)
Buttons	6,000 buttons	34 (17)	22 (11)	10 (5)
Thread	1,500 spools	12 4 spools	9 3 spools	3 1 spool
Variable overheads		250	100	200
Total variable overheads		2,431	1,496	752
Fixed overheads absorption		300	250	150
Total cost per suit		2,731	1,746	902
Selling price per suit		3,500	2,000	1,000
Sales demand		75 suits	200 suits	350 suits

Explain, with reference to your answer to the Bespoke scenario, the accounting information needs of managers, and its role in planning