Final answer:
The cost accounting system authorizes the release of raw materials into production.
Step-by-step explanation:
T or F the cost accounting system authorizes the release of raw materials into production The statement is True. The cost accounting system plays a crucial role in managing and tracking the costs associated with production. It includes various processes, one of which is the authorization of releasing raw materials into production. For example, in a manufacturing company, when raw materials are received, they are usually assigned a unique identification number and recorded in the inventory ledger. The cost accounting system ensures that these raw materials are released into production only when authorized, such as when a production order is issued.