Which of the following statements does not reflect one of the fundamental themes underlying the design of cost systems for managerial purposes?
A) Cost systems should have a decision focus.
B) Different cost information is used for different purposes.
C) Cost information for managerial purposes must meet the cost-benefit principle.
D) The primary purpose of cost systems is to gather information to value inventory.

Question

Quizplus · Accepted Answer

The primary purpose of cost systems for managerial purposes is not to value inventory, but to provide relevant information for decision-making, planning, and control.

Which of the Following Statements Does Not Reflect One of the Fundamental