Which Objective Listed Below Is Not a Cost Accounting Objective

question 10

Multiple Choice

Which objective listed below is not a cost accounting objective for the production cycle?

• A)Provide information for planning,controlling,and evaluating the performance of production operations.
• B)Provide cost data about products used in pricing and product mix decisions.
• C)Collect and process the information used to calculate inventory and cost of goods sold amounts that appear in the financial statements.
• D)Provide tests of audit control functions as part of the AIS.

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Definitions:

Cloth Production

The process of creating textiles or fabrics from fibers through weaving, knitting, pressing, or bonding.

Heckscher-Ohlin Model

An economic theory that proposes countries will export products that utilize their abundant and cheap factor of production, and import products that require resources that are scarce domestically.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient trade.

Intensive

Refers to a method or approach focusing deeply on a specific area or aspect, often requiring a high degree of effort or concentration.