significance of calculating the cost of production is to know the total sum of money needed for the production of a quantity or output. Because it is all about payments and expenditure
1)The accuracy of the calculation of the cost of production is very important because it is useful for companies in making decisions errors made in the calculation of cost of goods sold can affect the company's sales and periodic profits
Answers & Comments
Answer:
significance of calculating the cost of production is to know the total sum of money needed for the production of a quantity or output. Because it is all about payments and expenditure
Answer:
1)The accuracy of the calculation of the cost of production is very important because it is useful for companies in making decisions errors made in the calculation of cost of goods sold can affect the company's sales and periodic profits
Explanation:
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