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Managerial accountants need to understand the strategy of the company they work for in order to: Create plans that meet that strategy, which may not
Managerial accountants need to understand the strategy of the company they work for in order to: Create plans that meet that strategy, which may not focus on only keeping costs low. Keep wages and overhead as low as possible, so they can competitively price products. Keep costs as low as possible to make the highest profit
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