Question

what is cost accounting ​

Answer 1

Answer:

Cost accounting is the process of recording, classifying, analyzing, summarizing, and allocating costs associated with a process, after that developing various courses of action to control the costs.

Answer 2

Answer:

Cost accounting refers to the process of recording, analyzing, and summarizing costs associated with a production process, and allocating the costs to specific products and services. The costs are first recorded individually, and then input and output costs are matched to determine the financial performance of the company.