Question: The primary purpose of classifying costs as variable or fixed costs is ______. A. to allow management to better determine the balance of Inventory on

The primary purpose of classifying costs as variable or fixed costs is ______.

A. to allow management to better determine the balance of Inventory on the Balance Sheet

B. to allow management to prepare the Income Statement for financial reporting

C. to allow management to better assess performance given a level of activity that differed from budget

D. it is required by Generally Accepted Accounting Principles

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