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Hello,
What is the fundamental difference between input/output analysis and flow cost accounting as techniques to manage cost please? They seem so very similar to each other.
Thank you.Since The Tutor may not reply in time before the exam tomorrow, i’ll share what I know;
Input/output analysis – the materials that are input and then materials output of the business and hence, we would be able to see what wastes has occurred.
Flow cost account – this is between department to department
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