Cost accounting systems accumulate production costs and then assign them to products and services.

Name: Cost accounting systems accumulate production costs and then assign them to products and services.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Cost accounting systems track and allocate all production costs to the products and services that they relate to. This helps companies understand the true cost of producing each item and can inform pricing decisions and other strategic choices.

Cost Accounting Systems Accumulate Production Costs and Then Assign Them