Q295
Calculation of product cost, gathering information for planning and analyzing information for decisions making are features of
A.
information accounting
B.
cost accounting
AnswerC.
analyzing accounts
D.
marketing costs
Answer: Option B
Solution
Answer: Option B
Solution:
Calculation of product cost, gathering information for planning and analyzing information for decisions making are features of cost accounting. Cost accounting is an accounting method that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs, such as depreciation of capital equipment.