Option 1) Consider you current organization, describe how costing is used or could be used to better understand the financial breakdown of products and/or services delivered. Would this information support you in your current role and/or aspired-to role? Have you seen instances where costing is not used effectively or could be better leveraged?
Option 2) Discuss one of the different costing systems (e.g., full cost, variable cost, activity based cost*). Cover both the pros and cons of the methodology, as well as what kind of business questions this costing method would provide the most actionable perspective. Are there any special considerations management should be aware of when using data from this system?
Finance for Nonfinancial Mangers G. Siciliano pp. 119-129, 133