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

Question

Question

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

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Cost accounting system provides:

D) only a and b

The answer is not C) as cost accounting information is not shared to investors but in turn financial statements are shared to investors.

Add a comment

Answer 2

Similar Homework Help Questions

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

1. Cost accounting system provides: a. Detailed cost information for planning b. Relevant information management of current operations c. Important Information for reporting to investors d. Only (a) and (b) e. None of the above. 2. Cost Information is very useful to: a. Manufacturing organizations b. Service organizations c. Not-for-profit organization d. All of the above e. None of the above
The primary objective of the cost accounting system is to provide

The primary objective of the cost accounting system is to provideRelevant authorities with information relevant for funding the governmentExisting and potential investors with information relevant for resource allocation decisionsManagement with information relevant for internal decision makingAll of the aboveNone of the above
1. The management process is defined by a. Planning b. Controlling c. Decision making d. All...

1. The management process is defined by a. Planning b. Controlling c. Decision making d. All of the above e. None of the above 2. The organization that controls the certification of management accountants is the a. FASB b. SEC c. IMA d. AICPA e. None of the above 3. One of the differences between managerial and financial accounting is a. Financial accounting is oriented towards internal users b. Managerial accounting has to follow GAAS c. Managerial accounting is oriented...

The primary purpose of management accounting is to provide information useful for management decisions (at planning...

The primary purpose of management accounting is to provide information useful for management decisions (at planning or control phase). Required: Discuss the statement above and support your opinion/argument with relevant review on the use of management accounting information in practice. You would need to choose any relevant profit organization as an example. Requirement: Minimum 1500 words
3. Cost accounting information is essential for efficient operations for these organizations Except: a. social welfare...

3. Cost accounting information is essential for efficient operations for these organizations Except: a. social welfare agencies b. fine arts groups c. hospitals d. all of the above e none of the above. 4. The manufacturing process: a. requires the conversion of raw materials into finished goods b. provides data on direct labor c. provides data on factory overhead d. generates information for production report e. all of the above. 5. The determination of unit cost of production helps to:...
CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b)...

CHAPTER ONE 1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. d) All of the above. Answer: D (2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved...

Cost accounting differs from financial accounting in that financial accounting:

Cost accounting differs from financial accounting in that financial accounting:a. Provides the additional information required for special reports to management.b. Is mostly concerned with external financial reporting.c. Is mostly concerned with individual departments of the company.d. Puts more emphasis on future operations.
1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to...

1) Cost Accounting: a) Is concerned with assigning costs to various cost objects. b) Attempts to satisfy the costing objectives of both financial and management accounting. c) Provides cost information the supports planning, controlling and decision making. dl All of the above. Answer: _(2 points) 2) Cost management information systems further competitive advantage by supporting three fundamental organizational goals. Which of the following is NOT one of these fundamental goals? a) Improved time based performance. b) Improved quality of products...
The primary objective of cost/management accounting is to provide: a) banks and other creditors with financial...

The primary objective of cost/management accounting is to provide: a) banks and other creditors with financial information b) stockholders and potential investors with financial information c) the Internal Revenue Service with information regarding taxable income d) internal management with information for planning & control purposes

Which of the following is not a relevant cost to a management decision? a. Future b....

Which of the following is not a relevant cost to a management decision? a. Future b. Differential c. Quantifiable d. None of above

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

Homework Answers