An example of quantitative factor is ____________?
Correct answer: C. cost of materials
- A. employee behavior at workplace
- B. employee satisfaction
- C. cost of materials
- D. employee morale
Explanation
The cost of materials is a quantitative factor because it can be measured in units and money. Behaviour, satisfaction, and morale are qualitative workplace considerations.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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More Cost Accounting questions
The financial factors measured in numerical terms, having some monetary value are considered as ___________?
The difference of cost, which occurs while considering the alternatives can be classified as ___________?
An example of qualitative factor is __________?
The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as __________?
The third step in decision making process is ____________?
The kind of costs that has been occurred in past are also known as __________?