Cost Accounting Is a Subset of Which of the Following

question 2

Multiple Choice

Cost accounting is a subset of which of the following?

• A)Internal auditing.
• B)Public auditing.
• C)Cost analysis.
• D)Managerial accounting.

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Definitions:

Spending Variance

The difference between the actual spending and budgeted or expected spending, used to assess financial management and cost control.

Direct Materials

Materials that are directly traceable to the production of a specific product.

Tenant-Days

A measure used in the hospitality or rental sector representing the total number of days rented out to tenants.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular period.