The carrying costs of inventories and price discounts related to delayed deliveries are examples of _____________?
Correct answer: D. financial measuresGet Quality Software
- A. measures of growth and learning
- B. measures of internal business processes
- C. customer measures
- D. financial measuresGet Quality Software
Explanation
Inventory carrying costs and discounts granted because of delayed deliveries affect revenue, costs, and profitability, making them financial measures. Internal process measures would instead track activities such as setup time or cycle efficiency.
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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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