Cost Accounting

Please choose the most appropriate answer for each sentence.
  • 1

    ..... or cost accounting systems are part of a company's information system and are used for tracking costs and allocations to judge operational efficiency.

  • 2

    This is an ..... accounting system, rather than one for outside reporting.

  • 3

    There are no ..... rules governing how a company should keep track of cash flows for cost accounting purposes.

  • 4

    ..... budgeting is a form of forecasted cost accounting for long-term projects or expenditures.

  • 5

    Cost accounting applications are major financial ..... in everyday corporate decision-making.

  • 6

    Cost accounting is important for estimating the ..... of current and future activities.

  • 7

    When good cost accounting procedures are ....., the company may find out that they have been producing a non-profitable product or service.

  • 8

    Cost accounting ..... managers toward company goals.

  • 9

    It also measures the ..... of managers and departments in the company.

  • 10

    ..... costs change in proportion to the level of production activity, while fixed costs remain unchanged.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!