Organizations that use primitive costing methods make predictable mistakes. They allocate too much cost to easy, high-volume “gravy” products and too little cost to difficult, low-volume “dog” products. This puts the organization with inferior information at a significant disadvantage against a competitor who has a better cost model. The secret to having a great cost model is learning how to deal with overhead.
Event Level: Advanced
Who Should Attend: Corporate financial professionals
Required Knowledge: Cost accounting experience is helpful
Advanced Preparation: None
Vendor: Executive Education
Speaker: Daly, John