Question: What cost classifications does management use to analyze at least three cost objects and discuss why the classifications you selected were the best for Financial

What cost classifications does management use to analyze at least three cost objects and discuss why the classifications you selected were the best for Financial Statement preparation. Provide at least two examples for each classification.

Explain from your perspective why the categorization of “cost objects” is important to maintaining fully detailed accounting records and what pitfalls would the accountant experience of these concepts were not utilized.

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