Answer the following statements true (T) or false (F)
1. In most organizations, managers are often rewarded based on how well they meet the budget.
2. A production cost report cannot be used for the pricing of products because it depicts only the ways to control product costs.
3. A production cost report can help managers identify the most profitable products.
4. A production cost report helps managers identify the costs that can be reduced in the production process.
5. A production cost report provides inventory and cost of goods sold data that are needed for the balance sheet.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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