All of the following are features of cost accounting except: September 2010
Ans. C: Benefits are expressed in terms of money Cost accounting establishes budget and actual cost of operations, processes, depaments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to suppo decision-making to cut a company's costs and improve profitability.
Data on cost of a programme is provided
Control of cost can be done
Benefits are expressed in terms of money
Planning and allocation of peoples and financial services can be done