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What information generated by a process costing system can be used by management? How can management...

What information generated by a process costing system can be used by management? How can management use this process costing Information?

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Answer #1

Answer:-

  • Process costing helps in deciding the assembling expenses to be relegated to a task or to a unit dependent on the cost drivers.
  • It helps in determining costs at each level of procedures and accordingly the administration can benefit from outside intervention to realize what correct expenses are being caused by the organization at some random stage.
  • Thus by knowing the expenses incurred,the administration can assess and can know the varieties to the standard outcomes it was expecting or can pick other conceivable way of preparations.
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