Why are certain costs referred to as product costs

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Question 1: What are the major differences between managerial and financial accounting?

Question 2: Explain how a contribution margin (variable costing, behavioral income statement) differs from an income statement prepared in accordance with US GAAP.

Question 3: Why are certain costs referred to as product costs? What are the major types of product costs incurred by a manufacturer?

Reference no: EM132988538

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