The vertically upward dimension of cost analysis is also called __________?
Correct answer: B. accounting-period dimension
- A. project dimension
- B. accounting-period dimension
- C. back-flush accounting dimension
- D. lean accounting dimension
Explanation
The vertical dimension examines costs across successive accounting periods, so it is called the accounting-period dimension. The project dimension is the horizontal view across projects or activities.
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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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