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Chapter 20 Question 1/ Governmental agencies often enter into cost-plus (the price paid is the cost of a product plus a predetermined profit) contracts with

Chapter 20 Question

1/ Governmental agencies often enter into cost-plus (the price paid is the cost of a product plus a predetermined profit) contracts with product manufacturers. How could a manufacturer manipulate job costs to its advantage in such an arrangement?

2/ Do professionals such as accountants and attorneys utilize job cost accounting?

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