Cost accounting systems focus on when costs are:
A)incurred
B)locked in
C)paid for
D)used for setting prices for products and services

Name: Cost accounting systems focus on when costs are: A)incurred B)locked in C)paid for D)used for setting prices for products and services
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost accounting systems focus on when costs are incurred, meaning when the costs are actually accrued or recorded, rather than when they are paid for or when they are used for setting prices.

Cost Accounting Systems Focus on When Costs Are