Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
The correct option (D) CO module.
What is Cost Accounting?
Cost accounting is a type of managerial accounting that measures both the fixed and variable costs associated with each stage of production in order to determine the total cost of production for an organisation.
Management uses cost accounting internally to make well-informed business decisions.
Contrary to financial accounting, which offers data to readers of external financial statements, cost accounting is not constrained by predetermined rules and can be tailored to the specific requirements of management.
Cost accounting is therefore incompatible with GAAP and cannot be used for official financial statements.
Cost accounting takes into account both variable and fixed costs for all production-related inputs.
Standard costing, activity-based costing, and other methods of cost accounting
To know more about Cost Accounting, visit
https://brainly.in/question/3453478
#SPJ4
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.
