Knowledge of unit costs is necessary to companies for many reasons. Which of the following are uses of unit cost information? I. Valuation of inventories
II) Controlling costs
III) Setting selling prices
A) I only
B) I and II only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Unit cost information is crucial for businesses as it helps in valuing inventories, controlling costs, and setting selling prices. This comprehensive approach ensures efficient financial and operational management.

Knowledge of Unit Costs Is Necessary to Companies for Many