Which of the Following Activities Is NOT Associated with the Cost

question 120

Multiple Choice

Which of the following activities is NOT associated with the cost management information system?

• A)preparing a cost of quality report
• B)preparing a performance report that compares actual costs to budgeted costs
• C)determining the cost of a customer
• D)using future expected earnings to estimate the price of a share of common stock

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Definitions:

Cash Payment

Cash payment refers to transactions where the payment for goods or services is made immediately using physical currency or through electronic means that represent immediate funds transfer.

Merchandise Return

Occurs when a customer returns a product to the seller for a refund or exchange due to dissatisfaction or defects.

Perpetual Inventory System

An inventory management system that tracks the sale and restock of inventory items in real-time.

Merchandise

Products that are purchased, stored, and sold by businesses, typically in the retail industry.