Various cost accounting methods record, classify, analyze, and evaluate alternative courses of action used to control costs. The chief information security officer (CISO) uses these results to recommend the best course of action to senior leadership.

• Definetwo cost accounting methods.Describe typical uses for each and include examples. Discuss which of the various cost accounting methods you think are most appropriate for measuring the costs of labor wages and benefits. Explain your rationale.

Provide proof of your research to support your position.

Answer rating: 100% (QA)

Two Cost Accounting Methods for Labor Costs 1 Time Rate Method This is the simplest and most common method It calculates labor cost by multiplying the employees hourly wage rate by the total hours wor... View the full answer