The fourth step in development of operating budget is to __________?
Correct answer: A. choose alternatives
- A. choose alternatives
- B. evaluate alternatives
- C. efficiency improvements
- D. predicted improvements
Explanation
After identifying the problem, developing alternatives, and evaluating them, management chooses the most suitable alternative as the fourth step. The other choices do not represent this standard sequence.
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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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