Difference between cost reporting and cost control, Cost Accounting

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Difference between cost reporting and cost control

Response to the following questions:

1. Describe the purposes of the accounting system.

2. Describe the difference between cost reporting and cost control.

3. What are the key components of an accounting system that facilitates cost control?

If possible, please give examples to better understand your answers.

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Cost Accounting: Difference between cost reporting and cost control

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Cost Accounting: Difference between cost reporting and cost control

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