![]() ![]() Linear programming is one technique that accountants can often readily apply to determine the best outcome in these situations. It is therefore important that they apply appropriate analytical techniques in approaching such decisions. Many of these decisions require management accountants to determine or recommend specific courses of action that would lead to an optimal outcome (such as maximising profits or minimising costs) given a limited set of resources (such as production inputs). A management accountant's knowledge of relevant revenues and costs is important for many decisions, among them capital budgeting, outsourcing, special orders, product mix, and the adding or dropping of specific product lines.
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