Answer:
Cost Accounting
Step-by-step explanation:
The branches of accounting that is primarily concerned with recording, classifying, allocating, and reporting current and prospective costs is cost accounting.
Cost Accounting is the collecting, recording, classifying, and appropriately allocating costs of an expenditure; and the categorization and reporting of all such costs either currently and prospectively.
Therefore a broader look at costing means that it entails
Collection of costs which are attributable to products or services
Classification of costs into material, labor or overheads
Recording the costs as they occur to avoid omission
Computation of total costs
Allocation of overhead costs to products and jobs
Reporting the total costs for the period and by extension the standard costs for future periods