Decision making is the process of selection of choice from the available options. Decision making is an important step because before taking a decision an individual should have knowledge of both positive and negative options. Individual who is decision making should also predict the outcomes as well.
Income Comparison of Variable and Absorption Costing: Learning Objectives: Prepare income statements using variable costing and absorption costing. Why net operating income usually different under variable and absorption costing methods? The income statements prepared under absorption costing and variable costing usually produce different net
Impact of Just In Time (JIT) Inventory Methods on Variable and Absorption Costing System: Learning Objectives: Why net operating income figure under variable costing and absorption costing systems are almost same when companies use just in time manufacturing and inventory control system? Variable costing
Cost Classification for Decision Making (Decision Making Costs): Learning objective of this article: Define, explain, and give examples of cost classifications used in making decisions: differential costs, opportunity costs, and sunk costs. Costs can be classified for decision making. Costs are important feature of