For Each Item Listed, Select the Appropriate Purpose of Cost

question 4

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 the balance sheet

• 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 the balance sheet

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Definitions:

Legislation

Laws or legal rules that have been enacted by a governing body, such as a parliament or legislature, in order to regulate, permit, provide, sanction, grant, or declare policy.

John Conyers, Jr.

A prominent African American politician and civil rights activist who served as a member of the United States House of Representatives for over five decades.

Legislatures

Elected bodies of government responsible for making and changing laws within a country or state.

Apologies

Apologies are expressions of regret or sorrow for actions or statements that have potentially caused harm or offense to others.