Classification of cost is useful .a.to identify costs.b.to find gross profit.c.to identify efficiency.d.to find net profit.
Question
Solution 1
The classification of costs is indeed useful for several reasons:
a. To identify costs: Classifying costs helps in understanding where the company's money is going. It helps in tracking and managing the costs effectively.
b. To find gross profit: Gross profit is calculated by subtracting the cost Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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