Discuss the role of cost accounting in managerial decision
making
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Answer Posted / sonali
There are various types of cost accounting eg: Contract
costing, marginal costing, etc
How costing helps in manegerial decision making?
It helps the business to know its BEP (Break even point)
i.e. helps the business knowing the minimum output required
to cary on the businees / to earn the profits.
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