It is necessary for managers to understand product and cost flow patterns,to use process costing.

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Process costing is a method of cost accounting that is used to assign costs to homogeneous products produced in a continuous flow. In order to use process costing effectively, managers need to understand the product and cost flow patterns in their production process to accurately allocate costs to the products being produced. Therefore, it is essential for managers to have a good understanding of product and cost flow patterns to effectively utilize process costing.

It Is Necessary for Managers to Understand Product and Cost