For Each Item Listed, Select the Appropriate Purpose of Cost

question 93

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 inventories for reporting on a company's tax return

• 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 inventories for reporting on a company's tax return

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Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to estimate the population parameter.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the mean.

Inspiratory Reserve Volume (IRV)

The additional amount of air that can be inhaled after a normal inhalation, increasing lung volume beyond the tidal volume.

Expiratory Reserve Volume (ERV)

The additional amount of air that can be forcibly exhaled after a normal exhalation.