Question

Content area job order costing and process costing are

Answer 1

Correct option is C. Content area job order costing and process costing are  cost accounting systems.

What is cost accounting?

Cost accounting is a form of management accounting that captures a company's total costs of production by assessing the variable costs of each stage of production as well as fixed costs, such as overhead costs. rent.

Cost accounting is used internally by management  to make  informed business decisions.

Unlike financial accounting, which provides information to users outside of financial statements, cost accounting is not required to conform to set standards and can be flexible to meet the needs of of the Board of Directors.

Cost accounting takes into account all input costs associated with production, including both variable and fixed costs.

Types of cost accounting include standard costing, activity-based costing, lean costing, and incremental costing.

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