The cost reconciliation schedule shows that total costs accounted for equal the total costs to be accounted for.

Question

Quizplus · Accepted Answer

The purpose of a cost reconciliation schedule is to ensure that all costs have been properly accounted for and that there is no discrepancy between the total costs accounted for and the total costs to be accounted for. Therefore, if the schedule is prepared correctly, the answer should be A - true.

The Cost Reconciliation Schedule Shows That Total Costs Accounted for Equal