Describe the selling costs and development costs, Managerial Accounting

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Describe the Selling costs and Development costs

Selling costs:

These are costs of seeking to create and stimulate demand (sometimes termed as marketing) and securing orders.

Development costs:

There are costs of the process which begin with implementation of the decision to produce a new or improved product or to employ a new or improved method and ends with the commencement of formal production of the product or employment of the method.

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