All of the following are features of cost accounting except: September 2010: (A) Data on cost of a programme is provided, (B) Control of cost can be done, (C) Benefits are expressed in terms of money, (D) Planning and allocation of peoples and financial services can be done
Answer is C. Ans. C: Benefits are expressed in terms of money Cost accounting establishes budget and actual cost of operations, processes, depaments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to suppo decision-making to cut a company's costs and improve profitability.