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Introduction of Management accounting Assignment.

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You have just been hired as an accountant by New Wavefurniture, a manufacturer of specialized furniture based inSouth Australia. The furniture is high quality and is pricedaccordingly....

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Question Preview:

You have just been hired as an accountant by New Wavefurniture, a manufacturer of specialized furniture based inSouth Australia. The furniture is high quality and is pricedaccordingly.

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The Given report is about the product costing system adopted by the New Wave Furniture, South Australia. Previously there was no full time accountant was hired by the company the company use to total up the expenses and income, and the profit was derived using there difference. Now, I have prepared the short report for The Bradley Price, the Owner of the company to understand what is the actual cost and profit situation of the company. In this report we have included the following:

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