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The views outlined in this section are the views of a trained engineer who – at the beginning of his career - “suffered” the typical pressure from finance & controlling departments and their procedures as well as from reporting requirements built on the “standard cost” approach.
The “cost by nature” or “throughput accounting” approach (in German: Deckungsbeitragsrechnung) provides much more reliable analysis and information for decision making. Don’t forget average data accuracy in your (ERP) system and the related “garbage in - garbage out” issues.
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