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4. Why is it important that Superior has an effective cost system? What is your overall appraisal of the companys cost system and its use

4. Why is it important that Superior has an effective cost system? What is your overall appraisal of the companys cost system and its use in reports to management? List the strengths and weaknesses of this system and its related reports for the purposes management uses the systems output. What recommendations, if any, would you make to Waters regarding the companys cost accounting system and its related reports

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