The type of outcomes that can be measured in numerical terms are classified as ___________?
Correct answer: B. quantitative factors
- A. qualitative factors
- B. quantitative factors
- C. expected factors
- D. recorded factors
Explanation
Quantitative factors are outcomes that can be expressed numerically, such as costs, revenues, quantities, or profits. Qualitative factors involve non-numerical considerations such as morale or customer goodwill.
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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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