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Lecture Managerial accounting Creating value in a dynamic business environment (Tenth edition): Chapter 2 - Ronald W. Hilton, David E. Platt

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Lecture Managerial accounting Creating value in a dynamic business environment (Tenth edition): Chapter 2 - Ronald W. Hilton, David E. Platt

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Chapter 2 - Basic cost management concepts and accounting for mass customization operations. After completing this chapter, you should be able to: Explain what is meant by the word cost; distinguish among product costs, period costs, and expenses; describe the role of costs in published financial statements.

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