Which of the following is most likely done by managers,when actual costs of a product exceed expected costs?
A)Increase the selling price of the product
B)Adjust planning and decision-making strategies
C)Increase the sales of the product
D)Change the product costing system used

Question

Quizplus · Accepted Answer

When actual costs of a product exceed expected costs, managers would need to adjust their planning and decision-making strategies to reduce costs in the future. Increasing the selling price of the product may not be a viable option as it could lead to a reduction in demand for the product. Increasing sales alone may not necessarily reduce costs, and changing the product costing system may not address the root cause of the cost overrun.

Which of the Following Is Most Likely Done by Managers,when