Discussion – Compare and contrast managerial accounting
Discussion
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Compare and contrast managerial accounting to financial accounting concerning who are the end users of the information, timeliness and accuracy of information, types of data contained in reports, and relevance. How will you use this in your career? There are three costs of a finished product; raw materials, direct labor and factory overhead. How do they flow through the manufacturing process and finally get assigned to the product? Compare and contrast product costs with period expenses.
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