Connect with experts and get insightful answers to your questions on IDNLearn.com. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.
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
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! IDNLearn.com provides the best answers to your questions. Thank you for visiting, and come back soon for more helpful information.
