The continuous pressure of reducing the cost of products to be sold, is classified as ____________?
Correct answer: D. cost and efficiency
- A. supply efficiency
- B. material affectivity
- C. processing effective
- D. cost and efficiency
Explanation
Continuous pressure to reduce the cost of products while maintaining output reflects the cost-and-efficiency objective. It focuses on producing or supplying goods economically rather than merely increasing sales or material usage.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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