Question: Answer these questions: 1) Explain this statement: 'Managerial accounting and financial accounting work is interrelated and the accountants must work together closely relates to accounting

Answer these questions:

1) Explain this statement: 'Managerial accounting and financial accounting work is interrelated and the accountants must work together closely" relates to accounting concepts.

2) Describe three cost measurement methods that can be used to compute the unit cost of a product or service?

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