Answered: why it is necessary to monitor cost per…

why it is necessary to monitor cost per product or unit operating cost in order to determine the cost incurred? Please answer in detail with steps

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 5Q: Why are product costs assigned to the product and period costs immediately expensed?

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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