What is one of the main purposes of assigning costs to cost objects?
A)It provides information on why money was spent.
B)It records the historical events of the organization.
C)It allows management to incorporate products in marketing.
D)It facilitates service businesses in following financial regulations.

Question

Quizplus · Accepted Answer

Assigning costs to cost objects provides information on why money was spent, which helps management to make informed decisions about planning and budgeting for future activities. It also helps in identifying areas where cost reduction is necessary.

What Is One of the Main Purposes of Assigning Costs