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A production cost report is prepared for each department. ___________________-- Managers use production cost reports to determine prices. ________________- the cost flows in a process

A production cost report is prepared for each department. ___________________--

Managers use production cost reports to determine prices. ________________-

the cost flows in a process cost system are similar to cost flows in a job costing system. _____________________

Equivalent units determine how many units will be manufactured at the current production rate. ______________________

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