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Introduction

  • In the recent times, with the motive to make optimum use of financial resources and thereby reduce cost, companies lay focus on the adoption of modern budgeting or costing methods over others.
  • The present PPT is based on the case scenario of Classic pen company which involved in manufacturing black and blue pens. Now, firm is planning to manufacture red and purple pen with the motive to explore operations and thereby enhance sales.
  • In this, presentation will provide deeper insight about the aspects on the basis of which modern costing system differs from traditional one.
  • Further, PPT will shed light on the manner in which company’s monetary problem can be solved using ABC analysis.

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