Direct costing may be used for:
A) internal reporting purposes.
B) external financial reporting purposes.
C) income tax reporting purposes.
D) all of these.

Name: Direct costing may be used for: A) internal reporting purposes. B) external financial reporting purposes. C) income tax reporting purposes. D) all of these.
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Question

Quizplus · Accepted Answer

Direct costing is primarily used for internal reporting purposes to help management make decisions. It is not typically used for external financial reporting or income tax reporting.

Direct Costing May Be Used For