Cost systems initially record costs, then group costs in different ways to make decisions.

Name: Cost systems initially record costs, then group costs in different ways to make decisions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost systems are designed to record and organize costs in order to facilitate decision making. Initially, costs are recorded accurately, and then they are grouped in various ways (such as by product, department, or function) to provide relevant information for decision making purposes.

Cost Systems Initially Record Costs, Then Group Costs in Different