Which One of the Following Is a Major Purpose of Cost

question 116

Multiple Choice

Which one of the following is a major purpose of cost accounting?

• A)to provide gross profit rates to managers
• B)to allocate overhead costs to jobs
• C)to classify all costs as direct or indirect
• D)to measure, record, and report product costs

---

Definitions:

Rationalize

The process of justifying behaviors, decisions, or beliefs through seemingly logical or reasonable explanations, often to align them with one's own interests or values.

Economic Foundation

The base or underlying economic conditions and resources that support the growth, development, and sustainability of an economy or sector.

Society

A community organized around common traditions, institutions, or shared nationality.

Popular Culture

Encompasses the set of ideas, images, attitudes, and phenomena that permeate the everyday lives of a society, heavily influenced by mass media.