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Means cost of the product varies according to their purpose if the purpose of product is high then we can purchase it any cost
As we know for the management accounting, the principle that the management of an organization is likely to need different information for each and every level of management, These information will be obtained by building the required information Systems to provide good information, and these systems need different costs, to prepare the required information for the various activities it carries out, When the management need to make any decisions, at any level, We need financial and accounting Information Systems. For example, when calculating the price of a product on a cost-plus basis, management would need to ensure that all costs, both fixed and variable, are charged to the product. On the other hand, in determining whether or not additional units of a product should be produced, only the variable costs would be relevant to that decision.
That was for the MIS, an other thing about the required quality, Some People think that the High quality is the proper always. I think that is not accurate because the high quality need high cost, So we need to determine the required Quality level...
Cost of a good depending on the market/customer.
