Which of the following most accurately describes what is included in cost management information?
A)Only the most up-to-date,accurate financial information available on a firm.
B)All the non-financial information about a firm researched and analyzed for a minimum of 2 years.
C)A combination of financial cost information and relevant non-financial information.
D)A detailed report outlining how management currently handles all of a company's costs,and the changes it intends to make in the future.

Question

Quizplus · Accepted Answer

Cost management information typically includes a combination of financial cost information (such as budgeted vs. actual expenses) and relevant non-financial information (such as data on production efficiency or employee productivity). It is not limited to financial information or non-financial information researched for a minimum of 2 years. It may also include recommendations for future cost management strategies, but it is not limited to a report outlining current and future management practices.

Which of the Following Most Accurately Describes What Is Included