Cost accumulation refers to the:
A)use of actual costs for direct materials, direct labor, and overhead to determine unit cost.
B)association of production costs with units produced.
C)recognition and recording of costs.
D)determination of the dollar amounts of direct materials, direct labor, and overhead used in production.

Question

Quizplus · Accepted Answer

Cost accumulation is the process of recognizing and recording costs, which involves collecting and organizing all costs incurred in the production process.

Cost Accumulation Refers to The