Answered: According to CIMA, England, “the…

According to CIMA, England, “the technique and process of ascertaining cost” is called a. Costing b. Cost Accounting c. Cost Accountancy d. Cost

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 26E: The ability to assign a cost directly to a cost object by means of a causal relationship is a....

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Question

According to CIMA, England, “the technique and process of ascertaining cost” is called

a. Costing

b. Cost Accounting

c. Cost Accountancy

d. Cost

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Similar questions

The ability to assign a cost directly to a cost object by means of a causal relationship is a. allocation b. traceability c. separability d. value chain process
What are the objectives of a cost management information system?
Accumulating costs means that a. costs must be summed and entered on the income statement. b. each cost must be linked to some cost object. c. costs must be measured and tracked. d. costs must be allocated to units of production. e. costs have expired and must be transferred from the balance sheet to the income statement.
Explain how a scatter graph is used to identify and measure cost behavior.
What is the primary difference between the two cost accounting systems regarding the accumulation of costs and the calculation of unit costs?
Define and explain the two major subsystems of the cost management information system.
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