Which of the following is one of the purposes of cost accounting?

A. It involves measuring product costs.
B. It involves the determination of company profits.
C. It requires GAAP to be applied.
D. It requires cost minimizing principles.

Question

16-06-2024
Business

Answered

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Which of the following is one of the purposes of cost accounting?

A. It involves measuring product costs.
B. It involves the determination of company profits.
C. It requires GAAP to be applied.
D. It requires cost minimizing principles.

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-16T23:56:28-04:00

GinnyAnsweridn GinnyAnsweridn

16-06-2024

Final answer:

Cost accounting involves measuring product costs to aid in pricing and cost management decisions.

Explanation:

One of the purposes of cost accounting is to involve measuring product costs. This process helps companies understand the costs associated with producing goods or services, aiding in pricing decisions and cost management.

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