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Discuss the role of cost accounting in managerial decision
making
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Answer Posted / gohar ali pugc
cost accounting is concerned with the financial decesion
making by the finance maneger.we analize the
finance/monetry involvement in the business.to realize that
how much cash is "in"in the business and how much cash
is "out" in the business.and the decesion must be taken by
the finance department.
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
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