Cost accumulation is the collection of cost data in some organised way by means of an:
A)accounting system.
B)strategy.
C)information system.
D)cost driver.

Question

Quizplus · Accepted Answer

Cost accumulation requires a systematic and structured method of recording and classifying costs. An accounting system provides this framework as it organizes and tracks various cost elements including direct and indirect costs, fixed and variable costs, and manufacturing and non-Manufacturing costs. This makes it the most appropriate choice for the collection of cost data in an organized way.

Cost Accumulation Is the Collection of Cost Data in Some