Question

ost accounting systems are used​ ________. A. by stockholders for decisionminusmaking purposes B. to accumulate and assign period costs to products C. by manufacturing​ companies, not service companies D. to accumulate product cost information

Answer 1

D. to accumulate product cost information

Step-by-step explanation:

Cost accounting systems are used​ to accumulate product cost information.

Cost accounting system is framework used to estimate the cost of product for profitablity analysis. inventory valuation and cost control. It also help to track the flow of inventory through different process of production using perpetual inventory system.

There are different type of cost accounting system:

• Traditional costing system.
• Job order costing.
• Process costing.