How might performance measurement and management accounting vary between different industries
Contemporary Management Accounting
After reading the case study titled ‘Real World Views 2.1: Industry Cost Structures’ on the document found in additional materials titled ‘Case Study’ answer the both the following questions.
Question 1. How might performance measurement and management accounting vary between different industries ?Provide relevant examples of direct labour, direct materials and indirect costs.
Question 2. Select one of the specific industries in question one and discuss three changes in the business environment for the industry and any related impact on management accounting.