Discuss How Automation Has Affected the Selection of Cost Drivers

question 90

Essay

Discuss how automation has affected the selection of cost drivers employed in product costing systems.

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Definitions:

Industrial Model

A representation or system that embodies the principles and practices of large-scale manufacturing and industrial production.

Craft Lines

Specialized fields or areas of craftsmanship where specific traditional skills and knowledge are practiced and passed down.

Risk Society

A society where the management and prevention of risks, particularly those that are man-made, become central to social, political, and economic life.

Technological Determinism

The theory that technology shapes and determines the development of human social structure and cultural values.