__________ is a process to ensure that appropriate action is taken if costs exceed a pre-set allowance or actions to be taken if costs are expected to exceed the expected levels.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
__________ is a process to ensure that appropriate action is taken if costs exceed a pre-set allowance or actions to be taken if costs are expected to exceed the expected levels.
(A) Cost Management
(B) Cost Audit
(C) Cost Control
(D) Cost Reduction

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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