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7/20/2017Untitled Document exam Question Bank Course code: Choose Course code Delete Selected QuestionsShow150Assign Selected Questions to exahenries Search:Question Type QuestionFBQABCDAnswer Remark
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01
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What is costing?
Costing is the process of determining the expenses associated with a particular project or business operation.
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Costing can be filled out by documenting all expenses incurred during a specific period of time and categorizing them accordingly.
What is the purpose of costing?
The purpose of costing is to help businesses make informed financial decisions, track expenses, and analyze profitability.
What information must be reported on costing?
Information such as labor costs, materials costs, overhead expenses, and any other relevant expenses must be reported on costing.
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