Product costing system design or selection:

Question

Quizplus · Accepted Answer

All of the above answers are correct. Designing or selecting a product costing system requires cost management expertise, an understanding of the nature of the business, and the ability to provide useful cost information for strategic and operational decision-making needs. Additionally, the system should be cost-effective in design and operation, meaning that it should provide value to the organization without creating excessive expenses.

Product Costing System Design or Selection