Cost Accounting Basics Quiz
5 Questions
1 Views
3.8 Stars

Cost Accounting Basics Quiz

Created by
@WarmRainbowObsidian

Questions and Answers

Which one of the following best defines cost accounting?

A systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services

What is the primary function of cost accounting?

To facilitate decision-making for managers

Which type of accounting often uses cost accounting information?

Managerial accounting

What does cost accounting track?

<p>The cost of manufacturing goods and performing services</p> Signup and view all the answers

What is the end goal of cost accounting?

<p>To optimize business practices and processes</p> Signup and view all the answers

Use Quizgecko on...
Browser
Browser