For Each Item Listed, Select the Appropriate Purpose of Cost

question 125

Short Answer

For each item listed, select the appropriate purpose of cost allocation from the list below.A purpose may be used more than once.
A)To provide information for economic decisions
B)To motivate managers and other employees
C)To measure income and assets for reports to external parties
D)To justify costs or compute reimbursement amounts
-To cost a product at a fair price for government contracts

• A)To provide information for economic decisions
• B)To motivate managers and other employees
• C)To measure income and assets for reports to external parties
• D)To justify costs or compute reimbursement amounts
• -To cost a product at a fair price for government contracts