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In short explain the cost management system objectives. Be sure to illustrate answer using some examples. (in your words please) . please use the objectives

In short explain the cost management system objectives. Be sure to illustrate answer using some examples.

(in your words please) image text in transcribed

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please use the objectives shown in the picture and don't forget the examples. thanks

Cost Management Systems Objectives o Measure the cost of resources consumed. Identify and eliminate non-value-added costs. [ Determine efficiency and effectiveness of major activities. o Identify and evaluate new activities that can improve performance. 12

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