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1. Explain the fundamental theme underlying the design of a cost information system. 2. Describe the basic cost flow of a manufacturing company. 3.

1. Explain the fundamental theme underlying the design of a cost information system. 2. Describe the basic cost flow of a manufacturing company. 3. Compare the three cost systems: as to kind of product being manufactured, examples of firms using them, and describe the cost system. 4. Demonstrate the product cost system for a customized product, homogenous product, and the hybrid product.

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