Which of the following is an example of a FUNCTIONAL cost account?
A) Auto repairs
B) Advertising
C) Taxes
D) Social Security
E) Any of the above--because functional accounts include any costs which are used in the normal preparation of a company's operating statement.

Question

Quizplus · Accepted Answer

Advertising is a functional cost account because it is a cost that is incurred in the normal course of a company's operations and is used in the preparation of the company's operating statement.

Which of the Following Is an Example of a FUNCTIONAL