Question:
The cost audit is important for management because :
A. Cost audit helps in determination and allocation of cost of product.
B. It helps to identify wastage, inconsistency and irregularity in production.
C. It helps in proper valuation of inventory.
D. It facilitates settlement of industrial disputes.
E. It serves as a basis to charge tax on the cost of finished goods.
Choose the most appropriate answer from the options given below :
The cost audit is important for management because :
A. Cost audit helps in determination and allocation of cost of product.
B. It helps to identify wastage, inconsistency and irregularity in production.
C. It helps in proper valuation of inventory.
D. It facilitates settlement of industrial disputes.
E. It serves as a basis to charge tax on the cost of finished goods.
Choose the most appropriate answer from the options given below :
A. Cost audit helps in determination and allocation of cost of product.
B. It helps to identify wastage, inconsistency and irregularity in production.
C. It helps in proper valuation of inventory.
D. It facilitates settlement of industrial disputes.
E. It serves as a basis to charge tax on the cost of finished goods.
Choose the most appropriate answer from the options given below :
Updated On: Mar 15, 2024
- A, C and E Only
- A, B and C Only
- B, C and D Only
- A and E Only
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : A, B and C Only.
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