www.bbcnoun.com.ng TMA 1 ACC206 10/10 Cost accounting is regarded as science because: It relates to a wide variety of subjects, office practice and procedures, data processing All but one is not a scope of management accounting: Earning accounting Those cost that have direct relationship with a unit of operation like manufacturing a product, organising a process or an activity is known as __ Direct cost The kind of cost that depend on the output produced is called? Variable cost One of these is an advantage of cost accounting to employee. It helps by merits rating techniques which is conducted by scientific process All but one of the following is not true of cost and management accounting. Cost accounting assists and evaluates the profit while management accounting merely assists the management with functioning All but one of these cost is not regarded as cost for planning and control. Explicit cost The essentials of an ideal cost accounting system embraces all of these except? Accountability The process of accounting for cost which begins with the recording of income and expenditure is? Cost accounting One of the following is not a function of management accounting Interim reporting