Profitability metrics for products and services can be derived from the cost accounting system.

Question

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Cost accounting provides financial data that can be used to calculate profitability metrics such as gross profit margin, net profit margin, return on investment (ROI), and break-even point. It allows businesses to track and understand costs associated with production, marketing, and distribution of products and services, and evaluate their profitability based on these costs.

Profitability Metrics for Products and Services Can Be Derived from the Cost