For Each Item Listed, Select the Appropriate Purpose of Cost

question 115

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 encourage the sales department to focus on high-margin products

• 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 encourage the sales department to focus on high-margin products

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Definitions:

Interest Rate

The percentage of a loan amount charged for borrowing money or paid for invested funds.