Cost accounting controls are divided into which broad categories?
A) physical controls over finished goods and related costs
B) physical controls over raw materials, work in progress, finished goods, and controls over related costs
C) physical controls over raw materials, work in progress, and finished goods
D) physical controls over raw materials and work in progress

Question

Quizplus · Accepted Answer

Physical controls are usually implemented over raw materials, work in progress, finished goods, and the cost associated with each of the transfer aspects between stages. Therefore, option B includes all these aspects and is the most comprehensive. Options A, C, and D omit certain aspects of cost accounting controls.

Cost Accounting Controls Are Divided into Which Broad Categories