Q58
Classification of cost is useful ________.
A.
to find gross profit
B.
to find net profit
C.
to identify costs
AnswerD.
to identify efficiency
Answer: Option C
Solution
Answer: Option C
Solution:
Classification of cost is useful to identify costs. All the costs of a business can be classified into production costs, administration costs, finance costs, selling costs, distribution costs, research and development costs.