Which of the following statements about cost accounting systems is FALSE?
A) The cost accounting system provides the cost data that managers use for decision making.
B) The cost accounting system is the most fundamental component of a cost management system.
C) A cost accounting system that provides accurate information is a key success factor for all types of organizations.
D) Some types of organizations do not need cost accounting systems.
Correct Answer:
Verified
Q2: Investors need more detailed information about products
Q3: The process of collecting costs by some
Q4: To support managers' decisions,accountants develop cost management
Q5: To determine the cost of serving a
Q6: What is an example of a tool
Q7: A cost management system provides _.
A) measures
Q8: Which of the following statements is FALSE?
A)
Q9: External users of financial reports need _
Q10: Which of the following is an example
Q11: A cost management system provides information for
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