Although there are numerous ways to categorize costs,each individual cost will only be classified in one particular way.A single cost can be classified in more than one way,depending on how the information will be used.

Question

Quizplus · Accepted Answer

A single cost can indeed be classified in multiple ways depending on the context and purpose, such as fixed vs. variable, direct vs. indirect, or product vs. period costs.

Although There Are Numerous Ways to Categorize Costs,each Individual Cost