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Needles Accounting Resource Center Financial & Managerial Accounting , 2002 Edition Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College Internet Research Activities Chapter 22: Performance Measurement Using Standard Costing Identifying Relevant Decision Information Instructions: Use one of the following business periodical web sites or the Business Readings from the journal Management Accounting available via the link below to search for an article written about standard costs and variance analysis. Alternatively, you can choose any of the Management Accounting articles to further your understanding of cost control. Write a summary of the article, including the title, author(s), publication, and date. Business Periodical Web Sites: CNNfn Forbes U.S. News & World Report BusinessWeek MSNBC Commerce Barron's USA Today Money Fortune Time Financial Times Business Readings Extended Research Activity Read the Management Accounting article entitled "Strategic Cost Management" by clicking on the link below. The article states "In today's highly competitive environment, cost management has become a critical survival skill for many firms. But it is not sufficient to simply reduce costs; instead, costs must be managed strategically. Strategic cost management is the application of cost management techniques so that they simultaneously improve the strategic position of a firm and reduce costs." Summarize the three types of cost management initiatives and describe how they support the notion of strategic cost management. "Strategic Cost Management" (January 1998) Either print out your answers for submission or email them to your instructor.   Site Map I Partners I Press Releases I Company Home I Contact Us Copyright Houghton Mifflin Company. All Rights Reserved. Terms and Conditions of Use, Privacy Statement, and Trademark Information