Cost management reports are prepared
A) to meet the needs of decision makers within the firm.
B) whenever stockholders request them.
C) according to guidelines prepared by the Securities and Exchange Commission.
D) according to financial accounting standards.

Question

Quizplus · Accepted Answer

Cost management reports are prepared to meet the needs of decision makers within the firm, such as managers and executives who are responsible for controlling and reducing costs. They are not prepared solely in response to stockholder requests or according to external guidelines or standards.

Cost Management Reports Are Prepared