Choose one of the following.
Option 1) What are some of the hurdles you have or imagine you would face in your organization if you were to champion a new costing or cost management process? Discuss the change process you would use to implement a major cost management process change.
Option 2) Discuss the usage and creation of standard costs by an operation. How are these costs developed? How can they be used in the creation of a future period forecast? How might they be used in an individual or organizational measurement system?