The unit of measurement used in management accounting reports is
A)primarily the historical dollar.
B)usually current replacement cost.
C)any measurement unit that is useful in a particular situation.
D)the measurement unit used by competing companies.

Question

Quizplus · Accepted Answer

Management accounting reports may use a variety of measurement units depending on the situation and the needs of the organization. For example, cost accounting reports may use historical costs, while budgeting and forecasting reports may use current replacement costs or projected future costs. There is no one-size-fits-all standard unit of measurement in management accounting.

The Unit of Measurement Used in Management Accounting Reports Is