Get premium membership and access questions with answers, video lessons as well as revision papers.

Discuss the definition of and Scope of Cost Accounting

Answers

-Cost scouting (commonly) termed "costing? may be defined as: The establishment of budgets, standard costs and actual costs of operations, activities or products; and the analysis of variances, profitability, or the social use of funds
-The accounting system of any organization is the foundation of the internal financial information system. Management needs a variety of information to plan, to control and to make decisions. Information regarding the financial aspects of performance is provided by the costing system.
Examples of information provided by a typical costing system and how it is used are given in the following table and the following paragraphs.

Wilfykil answered the question on August 5, 2019 at 06:33

Next: Majina mengi katika ngeli ya U-ZI huchukua kiambishi U katika umoja lakini viambishi tofauti katika wingi. Andika majina mawili ukionyesha viambishi hivyo tofauti katika umoja...
Previous: Discuss Cost accounting and control

View More Capital Structure and Financial Management Questions and Answers | Return to Questions Index

Learn High School English on YouTube

Discuss the definition of and Scope of Cost Accounting

Answers

Related Questions