Question

How does a company takes the aid of cost accounting in decision making?

Answer 1

Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. ... Cost accounting information is commonly used in financial accounting information, but its primary function is for use by managers to facilitate making decisions

Answer 2

Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future. ... Cost accounting information is commonly used in financial accounting information, but its primary function is for use by managers to facilitate making decisions.