Trends in cost management/cost accounting include all of the following except:
A) reductions in the administrative costs of gathering data
B) a trend toward job order cost systems and away from process cost systems
C) adding a fourth cost category called direct technology
D) reduction in the direct labor cost component

Question

Quizplus · Accepted Answer

The trend in cost management is towards more integrated and flexible systems rather than moving from process cost systems to job order cost systems. Process cost systems are still relevant and widely used in industries where production is continuous, and costs are to be allocated for identical or similar units. The trend is more towards adopting systems that can handle various costing needs, including both job order and process costing, depending on the business requirements.

Trends in Cost Management/cost Accounting Include All of the Following