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Homework answers / question archive / Accumulating costs means that a

Accumulating costs means that a

Management

Accumulating costs means that

  • a. costs must be summed and entered on the income statement.
  • b. each cost must be linked to some cost object.
  • c. costs must be measured and tracked.
  • d. costs must be allocated to units of production.
  • e. costs have expired and must be transferred from the balance sheet to the income statement.

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Accumulating costs means that costs must be measured and tracked. It is a system to collect information about costs.

The correct option is C "costs must be measured and tracked".