compare and contrast two of the methods discussed in the Operational Excellence. In general, industry is aware that it needs to take steps to ensure that it operates in a responsible way, not just economically, but also socially (including health and safety) and environmentally.
June 11, 2021
5-2 Milestone Four: Draft of first three sections of Component 2
June 11, 2021

Many companies that use absorption costing as their main means for inventory
have been hit with growing inventory levels as a side effect. In breaking down
this costing method, it appears that there is an incentive here for management
to grow inventory balances to improve financial performance.

Consider these problems related to cost accounting and in a 1-2 page Word
document, address the following points. Be sure to proofread your work prior to
submitting to the drop box.

Explain how absorption costing could provide undesirable incentives to
management to build inventory.

Include in your assessment how to best set up absorption costing systems to
avoid this incentive and what types of measures and controls should be included
to assist in its prevention.
 
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