Cost Accounting information which is suitable for the intend purpose is
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What Is Cost Accounting?
Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.
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- Cost accounting is the reporting and analysis of a company's cost structure.
- Cost accounting involves assigning costs to cost objects that can include a company's products, services, and any business activities.
- Cost accounting is helpful because it can identify where a company is spending its money, how much it earns, and where money is being lost.
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