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Thursday, June 10, 2010

Question no : 357 CO Basic Concept

TERP10 Unit 13 Management Accounting 

A customer in the musical rental business wish to collect costs conducted in trade fairs, as well as to track costs for maintenance and repair work. Which of the following CO tool would be most appropriate ? 

(Select ONE best answer)

A)   Profit Center Accounting.
B)   Internal Orders.
C)   Cost Center Accounting. 
D)   Profitability Analysis. 
E)    Cost Object Controlling. 

2 comments:

  1. An instrument used to monitor costs and, in some instances, the revenues of an organization.

    Internal orders can be used for the following purposes:
    . Monitoring the costs of short-term jobs
    . Monitoring the costs and revenues of a specific service
    . Ongoing cost control

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