In comparison to a general accounting system, a cost accounting system for a manufacturing company places an emphasis on:
A) Total costs.
B) Continually updating costs of materials, work in process, and finished goods inventories.
C) Periodic inventory counts.
D) Products and average costs.
E) Large volume operations involving standardized products.

Question

Quizplus · Accepted Answer

A cost accounting system for a manufacturing company focuses on continually updating the costs of materials, work in process, and finished goods inventories to provide detailed and timely cost information for decision-making and control.

In Comparison to a General Accounting System, a Cost Accounting