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Use of cost accounting

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How could a cookie manufacturing company use cost accounting systems to determine its product costs?

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The response discusses the use of cost accounting.

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How could a cookie manufacturing company use cost accounting systems to determine its product costs?

Cost has been defined by many experts in different terms though the crux of all of them remains same i.e. the price you pay to get something. It may or may not be quantifiable. As per Sprouce, Robert and Mourice "Cost is an exchange price, a foregoing, a sacrifice made to ...

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