Develop an 8-slide presentation regarding costing methods as related to the scenario in Exercise 19-7, which all team members completed in WileyPLUS. Include the following:
- Recommend a costing method in choosing between variable or absorption costing. Explain the team’s decision.
- Explain the benefits of each of the two methods.
- Determine which method would lead to the best decision when a competitor is submitting a lower bid for your product. Explain your answer.
- Explain how applying costing methods can aid in better managerial decision-making.