In the early industrial age most of the prices incurred by a business have been what fashionable accountants call "variable costs" as a end result of they diversified directly with the amount of manufacturing. Money was spent on labour, raw materials, the ability to run a factory, etc., in direct proportion to production. Managers might merely complete the variable costs for a product and use this as a tough information for decision-making processes. Financial ManagementAccounting, payables,…