Asked by Hazeline Sutana on May 11, 2024
Verified
The costs of providing information to management should be less than the benefits. Which of the following are costs of management accounting information?
i. Salary cost of management accounting personnel
ii. Computer operating costs
iii. Managers' time in reading and acting on the information
A) i, ii and iii
B) ii and iii only
C) i and iii only
D) None of the given answers
Management Accounting
The practice of analyzing and presenting financial information to internal management to assist in planning, controlling, and decision-making.
Salary Cost
The total expense borne by an employer for employee wages, benefits, and other compensation.
Computer Operating Costs
Expenses associated with running and maintaining computer systems, including software, hardware, and personnel costs.
- Understand the costs and benefits of management accounting information.
Verified Answer
Learning Objectives
- Understand the costs and benefits of management accounting information.
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