For external financial reporting,________ costs are assigned to products or services.
A) some production
B) all production
C) all value chain function
D) all production and some value chain function

Question

Quizplus · Accepted Answer

For external financial reporting, generally accepted accounting principles (GAAP) require that all production costs be assigned to products or services. This includes direct materials, direct labor, and manufacturing overhead.

For External Financial Reporting,________ Costs Are Assigned to Products or Services