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his week, please imagine you are the seller of one product or service. Describe your product and list the costs of of your product (e.g.
his week, please imagine you are the seller of one product or service. Describe your product and list the costs of of your product (e.g. direct material, direct labor, variable overhead, fixed overhead). Calculate the product cost using variable costing AND absorption costing. Which one do you use to set a price for your product? Which one do you use to help decide whether or not you will take special orders?
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