Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which one of the following is the least likely to be an objective of a cost accounting system?

A- Inventory Valuation.

B- Department Efficiency.

C- Product Costing.

D- Sales commission determination.

user-image
Question added by Mobeen Tahir , Credit Officer , Tawuniya Insurance
Date Posted: 2015/02/23
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

The least likely objective is D- Sales commission determination as it is a function of sales and marketing and not concerned with cost of production.

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Determining sales commission is least likely to be an objective of cost accounting

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is D cost accounting not related to sales

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

The correct option is >>>>>>>>>>>>>>> (D)

The other three options are the direct objectives of cost accounting system

France Ann Elias
by France Ann Elias , Accountant cum HR Assistant , Prompt Holding UAE

D  - Since Inventory valuation, efficiency measurement & product costing / sales price determination are primary concerns of Cost Accounting.

Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

C- Product Costing is the right answer........................

Sahar Ghaddar
by Sahar Ghaddar , Financial Controller , Fendi

B - department efficiency is the least likely to be an objective of cost accounting system

Mohammed Shahid Ullah
by Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

Likely to be Product Costing

Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

B- Department Efficiency.Because it is related to engineering system

Mohamed Mahmoud el sheshtawy abou elfadel
by Mohamed Mahmoud el sheshtawy abou elfadel , Senior Accountant , Shuwaikh Gate Holding

The answer is Product costing

Shamsur Rahman
by Shamsur Rahman , Commercial Officer , Prime Marble & Granite

C- Product Costing. Because by cost accounting we are able to determine the actual cost that occurs in production or selling a products or services.

More Questions Like This