Which areas of the value chain do you think should be included in calculating product costs? Why?

Accounting/discussion 1

The value chain includes costs associated with research, product design, production, marketing, sales, distribution, and customer support after the sale.

Which areas of the value chain do you think should be included in calculating product costs? Why? Where would the other costs be reported (if at all)? What is the cost behavior based on the variability of cost variances and revenue volatility?

Embed course material concepts, principles, and theories (which requires supporting citations) along with at least two scholarly, peer-reviewed references supporting your answer.

· Text book: Chapter 1 in  Managerial Accounting