A production cost report helps managers identify the costs that can be reduced in the production process.

Question

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This statement is true. A production cost report provides a detailed breakdown of the costs involved in producing a product or service, including direct materials, direct labor, and overhead costs. By analyzing this report, managers can identify areas where costs can be reduced, such as by finding cheaper sources for materials, improving production processes to minimize waste, or eliminating unnecessary steps in the production process.

A Production Cost Report Helps Managers Identify the Costs That