In 2016 the Merkel Company had revenues of $2.000.000 and costs of $1.500.000. During 2017 Merkel will be introducing a new product line that is expected to increase sales revenue by $200,000 and costs by $160.000. Assuming no changes are expected for the other products, the operating profits are expected to increase by O $540.000 $40,000 $150,000 $200,000 Cost accounting is an integral part of the function in an organization, O president's O treasurer's Internal auditor's O controller's Managerial decisions using cost accounting are more appropriate for which types of costs? O future costs. O historical costs O externally reported costs. O current costs e for customer and low cost of products and services The approaches and activities of managers in short-un and long-run planning and control decisions that increas are known as O value chain management O cost management O O enterprise resource planning customer value management