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"I really don't trust the integrity of the formula establishing them," remarked a print executive. He was talking about the cost numbers produced by his computer management information system. "By and large, printers just don't trust the MIS cost data," said a printing industry expert consultant.
More than a quarter-century ago, Wally Stettinius in his classic "Management Planning and Control," warned that, ". . .Unless they [cost accounting data] are complete, and reconciled regularly to the figures reported for financial purposes, the possibility—actually the probability—is that inconsistencies will creep in."
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