What are the features of cost accounting?

Cost Accounting Has The Following Features:

• Cost accounting is the process of accounting for cost.
• It records income and expenditure relating to the production of goods or services rendered.
• It provides suitable data for future estimation.
• It is concerned with cost ascertainment and cost control.
• It establishes standards so that actual cost can be compared with the standards to find out variances.
• It involves preparation and presentation of periodical cost statement for managerial decision making.