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Mel Gibbeson has recently graduated from a business school and has joined the family business as an accountant. At the first management meeting with production,

Mel Gibbeson has recently graduated from a business school and has joined the family business as an accountant. At the first management meeting with production, marketing and sales, a great deal of time was spent discussing the unit cost of products. Required: What kinds of decisions can managers make using the unit cost information? (10 marks question)

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