Cost information for services or products produced by a company is needed for:
A) determining the company's selling prices.
B) external reporting.
C) managerial decisions.
D) All of these.

Question

Quizplus · Accepted Answer

Cost information is needed for determining selling prices to ensure profitability, for external reporting to provide transparency to stakeholders, and for managerial decisions to optimize operations and control costs. Therefore, all of these options require cost information.

Cost Information for Services or Products Produced by a Company