Question

1.The main role of Management Accounting is:
i)Planning
ii)Control and
iii)Decision making.
Decision making is the selection of the correct cost element and take the right decision in the best interest of the organization be:
-Make or buy decision
-Accept or reject decision
-Shut down decision
-Limiting factor decision
In relation to Decision making explain the above statement.
Your assignment, should include limiting factor with several constraint and making use of linear programing technique). 50marks

Answer 1

1.The main role of Management Accounting is:
i)Planning
ii)Control and
iii)Decision making.