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Misha Larkins [42]
3 years ago
7

Accounting Chapter 1 Discussion Question

Business
1 answer:
lukranit [14]3 years ago
7 0

Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. ... Cost accounting information is commonly used in financial accounting, but its primary function is for use by managers to facilitate their decision-making.

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Results are below.

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<u>The absorption costing method includes all costs related to production, both fixed and variable. </u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

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