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Chapter 20 Questions: 20-1. MANAGEMENT INSIGHT Many companies suffer from poor cost accounting and sometimes make products they should not be selling. The managers of

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Chapter 20 Questions: 20-1. MANAGEMENT INSIGHT Many companies suffer from poor cost accounting and sometimes make products they should not be selling. The managers of a diversified company thought they were making money, but a consulting firm found that the company had seriously underestimated costs. What type of costs do you think the company had been underestimating

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