As part of its control function,a cost management system is useful for
A)yes yes yes
B)no yes yes
C)yes no no
D)yes yes no

Question

As part of its control function,a cost management system is useful for 
A)yes yes yes 
B)no yes yes 
C)yes no no 
D)yes yes no

Quizplus · Accepted Answer

A cost management system helps in controlling costs by providing data that can be used to monitor actual costs versus budgeted costs, identify variances, and take corrective actions to ensure that costs stay within budgeted limits. It is also helpful in identifying areas where costs can be reduced, thereby improving overall profitability. However, it may not be useful for other control functions such as quality control or regulatory compliance.

As Part of Its Control Function,a Cost Management System Is