What Is The Purpose Of Cost Accounting?

1.	What Is The Purpose Of Cost Accounting?
Answer» The purposes of cost accounting require classifications of costs so that they are RECOGNIZED: • by the nature of the item (a natural CLASSIFICATION) in their relation to the PRODUCT with respect to the accounting period to which they APPLY in their tendency to vary with volume or activity in their relation to departments for control and analysis for planning and decision-making. The purposes of cost accounting require classifications of costs so that they are recognized: • by the nature of the item (a natural classification)

Answer»

The purposes of cost accounting require classifications of costs so that they are RECOGNIZED: • by the nature of the item (a natural CLASSIFICATION)

The purposes of cost accounting require classifications of costs so that they are recognized: • by the nature of the item (a natural classification)

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