What level of importance do product costs play in business, Managerial Accounting

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What level of importance do product costs play in business

Problem

Watch the video and then discuss the components of product costs and how they are used in managerial accounting. Talk about what management decisions are made using product costs. What level of importance do product costs play in the business process?

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Managerial Accounting: What level of importance do product costs play in business

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Managerial Accounting: What level of importance do product costs play in business

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