Answer true or false to the following statements: a) Cost accounting information is not useful...
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Accounting
Answer true or false to the following statements: a) Cost accounting information is not useful in planning future activity because it relates to past production.
b) A major aim of cost accounting is to calculate a unit cost for each unit of production. c) Non-manufacturing organizations still require costing information. d) A unit cost of production is not calculated in a process costing system.
e)The financial accountant does not utilize any information produced by the cost accounting department.
f) The wages of a factory cleaner would be classified as an indirect labour cost.
g) A period cost is one, which varies with the number of units produced in a period. h) Cost accounting helps measure the operating efficiency of the business. i) Manufacturing overhead is an indirect cost. j) Repairs made to factory machinery are classified as indirect materials.
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