Consider the following actions associated with a cost management information system:
a. eliminating a non-value added activity
b. determining how much it costs to perform a heart transplant
c. calculating the cost of inspecting components from an outside supplier
d. developing and using a budgeted income statement for a division
e. eliminating the need to inspect by improving the quality of products and processes
f. determining whether selling a product at split-off is more profitable than processing it further before selling it
g. calculating the cost of producing an e-book
h. using a trend report on quality costs to assess the effectiveness of a quality improvement program
i. determining the units that must be sold to break even
j. calculating the cost to perform a tooth extraction
k. determining the total cost of moving goods
l. using jit purchasing and manufacturing to significantly reduce inventories
m. using unit product cost to develop a bid price
required:
classify the above actions as being associated with one of the following objectives of a cost management information system:
1. costing of products, services, and other objects of interest
2. planning and control
3. decision making