Which of these is not an objective of Cost Accounting?
A. Ascertainment of Cost
B. Determination of Selling Price
C. Cost Control and Cost reduction
D. Assisting Shareholders in decision making
Answer: Option D
A. Ascertainment of Cost
B. Determination of Selling Price
C. Cost Control and Cost reduction
D. Assisting Shareholders in decision making
Answer: Option D
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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