<p dir="ltr" style="line-height: 1.38; margin-top: 12pt; margin-bottom: 12pt;"> Cost accountingincludes several key features such as cost classification, cost control, and cost analysis. It tracks and records direct and indirect costs associated with production or services. This system emphasizes detailed and frequent reporting to support internal decision-making. It also involves budgeting, standard costing, and variance analysis to identify inefficiencies. Another important feature is cost allocation, which ensures each product or service reflects its fair share of overhead. These features help businesses improve efficiency, reduce costs, and plan for future operations more effectively.