1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of...

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1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of current o

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Answer 1

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1

Cost accounting system provides detailed cost information for planning and relevant information for current operations.

Cost accounting system plays an important role in planning and managing current operations by providing all the needed information to management.

Option D only (a) and (b) is correct

2

Cost information is very useful to all organizations be it Manufacturing, service or not for profit.

All organizations need to plan and manage their current operations using cost information.

Option D all of the above is correct

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Answer 2

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