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I need 100 response to this: One of the most compelling topics learned in this cost accounting course is Understanding different types of costs, such
I need 100 response to this: One of the most compelling topics learned in this cost accounting course is Understanding different types of costs, such as variable, fixed, direct, indirect, and opportunity costs, is fundamental in cost accounting. Learning how to classify expenses accurately helps in decision-making and performance evaluation. I would say cost allocation was another compelling topic involving indirect costs to cost objects such as products, services, or departments. Learning how to allocate costs fairly and accurately is essential for measuring profitability and making informed decisions. Participating in the cost accounting discussions helped me actively engage with the subject and deepen my understanding. I developed valuable takeaways that are essential for success in the field of accounting and finance No approach could have yielded information with this cost accounting class. This class already has case studies, industry research, and class discussions in the course
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