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A costing system should provide information to help minimize waste, but should not be wasteful in itself. In other words, the resources required to design,
A costing system should provide information to help minimize waste, but should not be wasteful in itself. In other words, the resources required to design, implement and maintain a costing system should be less than the benefit derived from the use of the system. What does this statement mean? Be specific and provide an example.
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