Which of the following statements about cost accounting is correct?
A)Cost accounting has an external focus.
B)Cost accounting is very narrow in scope.
C)Cost accounting helps owners and managers make decisions about their companies.
D)Cost accounting cannot be tied to all functional areas of a company.

Question

Quizplus · Accepted Answer

Cost accounting helps owners and managers make decisions about their companies is a correct statement. All other statements about cost accounting are incorrect.

Which of the Following Statements About Cost Accounting Is Correct