Why do you think its important to keep track of the costs, Financial Management

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Why do you think its important to keep track of the costs

Problem

In few sentencens, explain suppose you are a manager at manufacturing plant. Explain the flow of manufacturing costs (raw materials, direct labor, manufacturing overhead) to the financial statements of a manufacturer. Which costs flow to the balance sheet? Which costs flow to the income statement? Why do you think its important to keep track of these costs?

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Financial Management: Why do you think its important to keep track of the costs

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