Cost accounting plays a significant role in management decision making.Cost accounting provides the primary information from which to make decisions.

Question

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Cost accounting provides crucial information about the cost of production, the cost of goods sold, and other expenses that are used to make management decisions. It helps managers in assessing the profitability of a business, controlling costs, and determining the prices of products or services. Therefore, cost accounting plays a significant role in management decision making.

Cost Accounting Plays a Significant Role in Management Decision Making