What are some of the arguments against a more efficient system of product costing, which have in turn encouraged the use of an absorption-costing system.

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"The Reality of Product Costing," Management Accounting, February 2000, Mike Lucas. Overview The author suggests that to gain access to sources of capital, managers had to supply financial informa- tion using absorption costing. It was thought by many that to generate separate information for manage- ment accounting would not be cost effective.