Industrial engineering method is used to analyze the relationship between ___________?
Correct answer: B. input and output
- A. marketing and financing
- B. input and output
- C. price and costs
- D. units and batches
Explanation
Industrial engineering estimates cost by studying the physical relationship between inputs, such as labor and materials, and outputs. It therefore analyzes input and output rather than prices or financing.
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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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