The decisions regarding usage of material, kind and changes in plant processing are a part of ____________?
Correct answer: D. cost management
- A. past management
- B. future management
- C. help management
- D. cost management
Explanation
Cost management covers decisions that control and improve the use of materials, processing methods, and plant operations. The phrases past management and future management are not recognized names for this cost-related function.
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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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