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Cost accounting helps businesses manage their product's cost better. With knowledge about how costs behave businesses can respond accordingly, so that they can make a profit.

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Q: What is the importance of cost accounting?
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Related questions

What is importance of cost accounting?

Cost accounting helps businesses manage their product's cost better. With knowledge about how costs behave businesses can respond accordingly, so that they can make a profit.


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Keith Thomas Carney has written: 'The importance of selected cost accounting topics to careers in public accounting'


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Compare and contrast between cost accounting and financial accounting?

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Cost accounting and management accounting?

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