Product Costing System: Understanding And Advantages Essay

Product Costing System
Frank does not realise the important of full time accountants and the use of a good product costing system in a company. He thinks that summing up all the revenues and deducting the expenses is all that he needs to do. He thinks there is no relevance of ascertaining the cost of the product as it will not be of any help. So, to make him understand the product costing system, different systems under it and the purpose of …