Cost Organization and Its Key Components

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Question:

Cost organization involves: Question 8Answer a. Classifying costs by function b. Identifying cost drivers c. Allocating costs to departments d. All of the above

Answer:

The correct answer is:

d. All of the above

Cost organization involves classifying costs by function, identifying cost drivers, and allocating costs to departments. All these activities are essential for effective cost management and analysis within an organization.