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The objective of a(n) system is to provide information about the cost of goods and services sold by the firm and the processes used to produce the goods and services. (Enter only one word per blank.)

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the correct answer to be written in the blank is cost management system

cost management system-

Cost control structures are actually the techniques used to assess the effects of selections made due to cost control strategies. Costing structures have 3 number one goals:

  • offer price statistics for strategic decision making,
  • to offer cost data for operational management, and
  • to measure stock price and price of goods.
  • To control cost with the aid of using the numerous strategies which includes budgetary control, standard costing and stock management.
  • To become aware of costing profit.

those are a few of the principle objectives.

There are  two primary cost management structures:

- conventional or traditional structures and

- activity based costing

Learn more about cost management here : https://brainly.com/question/27098397

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