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  3. for many decades, professionals in most service in

For many decades, professionals in most service industries have used some form of hourly based...

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Accounting

For many decades, professionals in most service industries have used some form of hourly based price, regardless of the outcome. Many customers are now demanding that the bill be tied to actual performance instead of the amount of hours of work provided.

What implications does this have for a service companys need for managerial accounting?

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