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explained classification of costs used on the basis of managerial decision making proceses 1)opportunity costs 2) marginal costs 3)product cost and period cost 4)conversion cost

explained classification of costs used on the basis of managerial decision making proceses
1)opportunity costs
2) marginal costs
3)product cost and period cost
4)conversion cost
5)replacement cost
with suitable examples in detail , introduction and conclusion

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