Why are cost accounting systems critically important to$$ managers?

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Part $1$

A$.$

Managers base important decisions in large part on financial data provided by the cost accounting system. It is critically important that the cost accounting system provide accurate and reliable financial information.

B$.$

Managers base important decisions in large part on economic data provided by the cost accounting system. It is critically important that the cost accounting system provide$$ accurate, timely economic information.

C$.$

Managers require the data provided by cost accounting systems in order to make$$ accurate, timely employment decisions. Without such$$ information, employees cannot be held accountable for their actions.

D$.$

Managers require the data provided by cost accounting systems in order to prepare$$ accurate, timely billing statements. Without such$$ information, customers could not identify direct costs in an economically feasible way.