A cost accounting system will assist a manager in determining how many and which products to produce. What is the purpose of such system in the context of business operations?

Standard Cost Variances & Journal Entries

Quiz
•
Business
•
University
•
Medium
Christopher Lowe
Used 1+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The information from a cost accounting system allows managers to make decisions about planning and directing, but not about controlling.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost accounting systems are primarily concerned with accumulating product cost information.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
________ measure, record, and report product costs.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The two main types of cost accounting systems are ________.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
One of the major purposes of a cost accounting system for a manufacturer is to compute the ________ for the ________.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Cost accounting systems are used ________.
Create a free account and access millions of resources
Similar Resources on Quizizz
55 questions
Personal Finance Checking and Banking

Quiz
•
12th Grade - University
50 questions
Purchasing and Inbound Logistics (LSCM7) Exam

Quiz
•
University
50 questions
Kuis Akuntansi Manajemen 1-2

Quiz
•
University
51 questions
Macro-Economics 2301 Chapter 14-16 Final Exam

Quiz
•
University
48 questions
Cycle #3 - Mid Cycle Exam

Quiz
•
9th Grade - University
50 questions
Cash Flow Importance

Quiz
•
10th Grade - University
47 questions
BUSI 101- Final

Quiz
•
University
50 questions
Material Management

Quiz
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade