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Which one of the following is the least likely to be an objective of a cost accounting system?

A- Inventory Valuation.

B- Department Efficiency.

C- Product Costing.

D- Sales commission determination.

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Question added by Mobeen Tahir , Credit Officer , Tawuniya Insurance
Date Posted: 2015/02/23
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

The least likely objective is D- Sales commission determination as it is a function of sales and marketing and not concerned with cost of production.

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Determining sales commission is least likely to be an objective of cost accounting

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is D cost accounting not related to sales

imran Noor -
by imran Noor - , Audit Officer , Auditor General of Pakistan

The correct option is >>>>>>>>>>>>>>> (D)

The other three options are the direct objectives of cost accounting system

France Ann Elias
by France Ann Elias , Accountant cum HR Assistant , Prompt Holding UAE

D  - Since Inventory valuation, efficiency measurement & product costing / sales price determination are primary concerns of Cost Accounting.

Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

C- Product Costing is the right answer........................

Sahar Ghaddar
by Sahar Ghaddar , Financial Controller , Fendi

B - department efficiency is the least likely to be an objective of cost accounting system

Mohammed Shahid Ullah
by Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

Likely to be Product Costing

Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

B- Department Efficiency.Because it is related to engineering system

Mohamed Mahmoud el sheshtawy abou elfadel
by Mohamed Mahmoud el sheshtawy abou elfadel , Senior Accountant , Shuwaikh Gate Holding

The answer is Product costing

Shamsur Rahman
by Shamsur Rahman , Commercial Officer , Prime Marble & Granite

C- Product Costing. Because by cost accounting we are able to determine the actual cost that occurs in production or selling a products or services.

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