A cost accumulation system typically includes two processes:
A) cost accumulation and cost allocation.
B) cost objectives and cost accounting.
C) cost accumulation and cost accounting.
D) cost allocation and cost application.

Question

Quizplus · Accepted Answer

Cost accumulation and cost allocation are the two main processes in a cost accumulation system, where costs are collected and then distributed to cost objects.

A Cost Accumulation System Typically Includes Two Processes