Product costing information is used by managers:

Question

Quizplus · Accepted Answer

Product costing information is important for decision-making, strategy, planning, control, and cost management. Therefore, all of the given options are correct. Managers use product costing information to better understand the costs associated with producing a product or service, which helps them make informed decisions about pricing, production volumes, product mix, and resource allocation. The information is also used for planning and control purposes, such as budgeting and performance evaluation, and for cost management, such as reducing and managing costs to improve profitability.

Product Costing Information Is Used by Managers