Functional account expenses are _____.
A)shared by two or more departments
B)reported by the names of their cost
C)classified on the basis of purpose or activity
D)related to a retailer's performance during the budget period

Question

Quizplus · Accepted Answer

Functional account expenses are classified on the basis of purpose or activity, such as production, sales, administration, or research and development. This helps to track and control costs in different areas of the business. Shared expenses by multiple departments would fall under cost allocation or overhead expenses. Expenses reported by name would fall under line-item or detailed expenses. Retailer performance would be measured through financial ratios or other performance metrics, not necessarily by functional account expenses.

Functional Account Expenses Are _____