A system of accounting for production operations that produces timely information about inventories and manufacturing costs per unit of product is a:
A) General accounting system.
B) Manufacturing accounting system.
C) Production accounting system.
D) Finished goods accounting system.
E) Cost accounting system.

Question

Quizplus · Accepted Answer

A cost accounting system is designed to track the costs associated with manufacturing a product, including direct materials, direct labor, and overhead costs. This system produces information about inventories and manufacturing costs per unit of product in a timely manner, allowing management to make informed decisions about pricing and production quantities.

A System of Accounting for Production Operations That Produces Timely