Question

Question Mode Multiple Select Question Select all that apply A cost accounting system: (Check all that apply.) Multiple select question. is used to control costs of manufacturing activities. provides general information used by investors. is used only with a perpetual inventory system. helps managers' determine selling prices.

Answer 1

✓is used to control costs of manufacturing activities

✓helps managers determine selling prices

Step-by-step explanation:

THIS IS THE COMPLETE QUESTION BELOW

A cost accounting system: (Check all that apply.) is used to control costs of manufacturing activities. is used only with a perpetual inventory system. provides general information used by investors. helps managers' determine selling prices

A cost accounting system can be regarded as product costing system, it can be explained as framework that is been used by firms in estimation of the cost of their products when carrying out inventory valuation as well as cost control and profitability analysis, inventory valuation.The two cost accounting systems are;

✓ the job order costing

✓ the process costing.

Job order costing system gives the accumulation of the costs that is been associated with particular batch of products.

Process costing helps in tracing as well as in accumulation of direct costs as well as allocation of indirect costs of a manufacturing process.

It should be noted that cost accounting system;

✓is used to control costs of manufacturing activities

✓helps managers determine selling prices