Question

In: Accounting

What do you mean by the Cost Accounting? 1. Cost Accounting: As the name suggests, this...

What do you mean by the Cost Accounting?

1.

Cost Accounting: As the name suggests, this type of a product, so that the management can exercise its control accounting is mainly related with the ascertainment of the costin order to minimize the costs and maximize the profits.

2.

Cost Accounting: This type of of a product, so that the management cannot exercise its control accounting is mainly related with the ascertainment of the costin order to minimize the costs and maximize the profits.

3.

Cost Accounting: As the name suggests, this type of of a product, so that the management can exercise its control accounting is mainly related with the ascertainment of the costing order to maximise the costs and maximize the profits.

4.

None of the above

Solutions

Expert Solution

Answer: 1. Cost Accounting: As the name suggests, this type of a product, so that the management can exercise its control accounting is mainly related with the ascertainment of the cost in order to minimize the costs and maximize the profits.


Related Solutions

1. What does Aristotle mean when he suggests that there is "purpose" in nature? Do you...
1. What does Aristotle mean when he suggests that there is "purpose" in nature? Do you agree or disagree, and why?
In Insurance Accounting Course What do you mean by tax? How do you classify the tax...
In Insurance Accounting Course What do you mean by tax? How do you classify the tax into direct and indirect? Give 3 examples of each types.
1- what do we mean by ( the allocation problem in Financial accounting) ? 2- simply...
1- what do we mean by ( the allocation problem in Financial accounting) ? 2- simply explain the difference between transaction approach and valuation approach? 3 - what do we mean by ideal economic income and wealth ? 4- what do we mean by income Ex ante and income Ex post and how are they used ?
1. What do retrospective and prospective mean as they relate to Accounting changes? 2. Select a...
1. What do retrospective and prospective mean as they relate to Accounting changes? 2. Select a type of accounting change. Provide an example of how that change might apply to your favorite company. What are the financial statement implications of your change? Why?
Cost accounting is often referred to as "managerial accounting". Why do you think this is so?...
Cost accounting is often referred to as "managerial accounting". Why do you think this is so? Discuss the ways that a company uses cost accounting, and how it uses financial information for the purposes of cost accounting. Discuss the differences between the reports prepared for managerial accounting and those prepared for financial accounting.
1)what is accounting 2) What is difference between financial accounting and cost accounting 3) What are...
1)what is accounting 2) What is difference between financial accounting and cost accounting 3) What are the parts of financial statement 4) what is the difference between income statement and balance sheet 5 ) sales 100,000 cost of goods sold 50,000 operating exp 10,000 ( compute net income for the company 6) sales return 10,000 sales discount 25,000 net sales 200,000 ( compute the gross sales ) 7 ) beginning inventory 10,000 total cost of purchases 200,000 ending inventory 50,000...
What do you mean by growth?
What do you mean by growth? Differentiate between growth and development.
What do you mean by Intelligence.
What do you mean by Intelligence. What are the important assessment attributes for Psychologist.
What do you mean by Network?
What do you mean by Network?
What do you mean by concept.
What is a concept. Explain the role of concept in the thinking process.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT