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Management Accounting / Managerial Accounting What did you have for lunch today? Applying Absorption & Variable Costing Method, specify some examples of the costs involved
Management Accounting / Managerial Accounting
What did you have for lunch today? Applying Absorption & Variable Costing Method, specify some examples of the costs involved in producing the lunch (from vendor's viewpoint), what goes into the calculation of the product cost under each method & how the product cost for your lunch will differ under the 2 methods. Please provide me with details and clear explanation.
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