________ applications determine the marginal cost and relative profitability of products and product families.
A)Cost-accounting
B)Budgeting
C)Cash management
D)Treasury

Question

Quizplus · Accepted Answer

Cost-accounting applications are specifically designed to determine the marginal cost and relative profitability of products and product families. These applications incorporate data such as production costs, labor costs, raw materials costs, and overhead expenses to provide a detailed analysis of a company's cost structure. This information is used by management to make informed decisions on pricing strategies, product mix, and resource allocation. Budgeting, cash management, and treasury applications are important financial management tools, but they do not specifically focus on analyzing product profitability.

________ Applications Determine the Marginal Cost and Relative Profitability of Products