Question

Write attempt. What are the advantages of cost accounting to management.​

Answer 1

Explanation:

Advantages of Cost Accounting – To Management, Workers, Outside Agencies and Creditors

• Helps in Cost Control
• Reveals Profitable and Unprofitable Activities
• Helps in Decision Making
• Aids in Formulating Policies
• Guides in Fixing Selling Prices
• Helps in Inventory Control
• Reveals Idle Capacity

Answer 2

Answer:

Helps in Cost Control.

Reveals Profitable and Unprofitable Activities.

Helps in Decision Making.

Aids in Formulating Policies.

Guides in Fixing Selling Prices.

Helps in Inventory Control.

Reveals Idle Capacity.