Why is managerial judgement critically important in gathering information about costs?
A)It is important in determining cost behaviour.
B)It helps to broaden statistical estimation results.
C)Costs are enhanced by only by new managers.
D)It is necessary to understand revenues.

Question

Quizplus · Accepted Answer

Managerial judgement is important in determining cost behaviour as it helps managers to identify how costs will change as activity levels change. This understanding of cost behaviour is critical for effective cost control and decision making.

Why Is Managerial Judgement Critically Important in Gathering Information About