The graphical representation of cost driver data and costs are considered as ___________?
Correct answer: A. plotting the data
- A. plotting the data
- B. plotting the costs
- C. plotting the cost drivers
- D. plotting curved line
Explanation
Plotting the data means placing cost-driver observations and their corresponding costs on a graph, allowing the relationship and unusual observations to be seen.
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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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