Role of cost accounting in decision making?

Cost Accounting should be the absolute role of the business. Below I have given you a high level overview of a cost control project.

Process map the business operations of the company, including all products manufactured.

Identify the capabilities of the present costing system and other cost history recording activities

Process map departmental production operations and establish the time required for each operation during the production of each product.

Prepare a master bill of material specification sheet for each product.

Prepare a departmental material specification sheet showing the quantity, name and description of the materials that go into departmental operations.

Prepare a departmental operations sheet showing the production operations of each department.

Establish a direct labor burden factor to be applied to production labor rates.

Establish overhead absorption factors to be applied to appropriate cost items.