The financial factors measured in numerical terms, having some monetary value are considered as ___________?
Correct answer: B. quantitative factors
- A. qualitative factors
- B. quantitative factors
- C. expected factors
- D. recorded factors
Explanation
Financial factors with a measurable monetary value are quantitative factors because they can be expressed numerically, such as rupees spent or earned. Qualitative factors cannot be reliably reduced to a monetary amount.
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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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