Process Costing

Welearned that process costing and production cost reports help control costs, evaluate performance, set profitable sales prices, identify themost profitable products, and compute the cost of inventory and cost of goods sold for the balance sheet and ficome statement, respectively.

Initial Post$-$

Ifa company sells more than one product, and the sales reports show that the sales volume of product $A($the most popular prodircti has increased in the past three quarters while overall profits have decreased, identify two ways production cost reports could assist managementinmaling decisions about this product.

Response Post$-$

Lookat the ways production costs reports could assist management in decision making provided by at least two studentsandiprovide evaltrableingut Do youagree or disagree? Can you elaborate on and$/$or support their reasonings or examples?