Questions and Answers
What is the primary function of cost accounting?
To provide detailed cost information for management decision-making
What is the end goal of cost accounting?
To advise management on optimizing business practices based on cost efficiency
How is cost accounting different from financial accounting?
It primarily serves managers for decision-making
What is the role of cost accounting in financial accounting?
Signup and view all the answers
What does cost accounting provide for management?
Signup and view all the answers
