What types of cost information are reported to support managerial purposes and decisions? Describe 2 major categories of purposes that are supported by cost information.

What types of cost information are reported to support managerial purposes and decisions? Describe 2 major categories of purposes that are supported by cost information. Describe how cost information supports both of these categories. What is a cost object and how is it used by the management accountant? Explain how to arrive at the derivation of cost.

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