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What is Understanding Cost Accounting Principles about?

1. Cost accounting is concerned with recording, classifying, and summarizing costs for determining product or service costs, planning and controlling costs, and providing information to management for decision making. 2. Cost accounting involves applying costing principles, methods, and techniques to ascertain costs and profitability. 3. Cost accounting classifies costs based on their nature, function, whether they are direct or indirect, variability, controllability, normality, time, and for planning and

Author

Margie Therese Sanchez

Language

EN