Accounting systems typically report both total cost amounts and average-cost-per-unit amounts.

Question

Quizplus · Accepted Answer

Accounting systems report both total cost amounts and average-cost-per-unit amounts to provide a more complete picture of the costs associated with producing or selling goods or services. Total cost amounts show the overall expenses incurred, while average-cost-per-unit amounts provide information on the cost per unit of the product or service.

Accounting Systems Typically Report Both Total Cost Amounts and Average-Cost-Per-Unit