Which of the Following Is a Cost Management Subsystem Designed

question 141

Multiple Choice

Which of the following is a cost management subsystem designed to assign costs to individual products and services and other objects, as specified by management

• A)financial accounting information system
• B)operational control system
• C)cost accounting information system
• D)all of the above

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Definitions:

Inventory Value

The total cost or market value of all the goods and materials held by a company for the purpose of resale.

Year-End Inventory

The total value of a company's merchandise, goods, and materials on hand at the end of a fiscal year, used to calculate cost of goods sold and profitability.

Balance On Hand

The amount of cash or resources available for use immediately, often referenced in accounting and inventory management.

Units In

A term referring to the quantity of stock or inventory items received or available in a supply chain or business.