in management accounting strandard cost ： definition . types of strands and cost . benefit . limitation . conclusion . Strictly do not copy it's must be in ur words.

The following statements are correct excerpt?A. Different costs are used for different purposesB. Costing systems vary depending on the level of sophistication for cost assignmentC. Both direct and indirect costs are exclusively traced to cost object in the same wayD. Cost allocation occurs when quantity of resources consumed by a particular cost object cannot be directly measured

ABC costing attempts to: O A. classify as many costs as indirect costs as is feasible. OB. identify the activities involved in a process. create as many cost pools as possible. O C. O D. seek a lesser level of detail.

A controllable cost is any cost that can be A. segregated B. influenced C. controlled D. excluded by a responsibility center manager for a period of time.

Definition of Management Accounting along with any other relevant concepts and the relationship between management accounting and the costing technique used such as the traditional technique and ABC

For the month of June 2023, patient charges at Southfield Hospital (a not-for-profit hospital) were $2,940,000. Third-party payers were billed $1,900,000. The hospital estimated that contractual adjustments would reduce the amount collected from their-party payers to $1,790,000. Prepare the neccessary journal entry to record the contractual adjustments.

Dual allocation is a cost allocation approach that separates direct and indirect costs, tracing the direct costs directly to the cost object that: Multiple Choice   Relates best to the cost.   Is first identified with the cost.   Is most impacted by the cost.   Can bear the cost.   Caused the cost.

A cost objective is: Select one: O A. Confined to direct costs O B. The purpose for which costs are accumulated O C. Relevant only to the manufacturing situation O D. All of the above

14. Cost allocation is:     the assignment of indirect costs to the chosen cost object     the process of tracking both direct and indirect costs associated with a cost object     the process of determining the actual cost of the cost object     a function of cost tracing

TRUE OR FALSE Activity center is a unit in an organization for which management wants the costs of a set of activities be reported separately.