Cost accumulation:
A)is the cost incurred.
B)is a collection of cost data in an organized way by means of a cost object.
C)predicts,or forecasts,costs.
D)measures the desired costs.
E)describes the assignment of indirect costs to a particular cost object.

Question

Quizplus · Accepted Answer

Cost accumulation is the process of collecting cost data in an organized way by means of a cost object. Cost object refers to any activity or item for which costs are measured or estimated. Cost accumulation helps organizations to determine the true cost of producing goods or services, and to make informed decisions about pricing, budgeting and resource allocation.

Cost Accumulation