Discussion Post: Management Accounting
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Using the Fundamentals of Product and Service Costing, explain how a basic product costing system is used to calculate product or service costs.
Explain why some investors will choose to use the payback period while others prefer to use the NPV method. What are the pros and cons of each method?
Explain three ways that a company might use managerial accounting information.
What is an audit, and why are audits performed?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.