QUESTION 1  “Costing systems attempt to explain how products consume resources but do not indicate the joint  benefits of having multiple products.” Required:  Citing examples of at least two costing systems,  a. Explain the statement above.  b. Explain how the addition of a new product to the product range may affect the cost of existing  products.  c. Outline the consequences, in terms of profitability, of decision to increase/decrease the product  range.  d. Identify six costing systems.

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