A properly designed accounting system insures that costs are assigned with complete accuracy to support and operating department cost pools.

Question

Quizplus · Accepted Answer

While a properly designed accounting system aims to improve the accuracy of cost assignment to support and operating department cost pools, it cannot ensure complete accuracy due to inherent limitations such as estimation errors, allocation bases, and judgment calls in cost assignment.

A Properly Designed Accounting System Insures That Costs Are Assigned