Introduction to Cost Accounting Quiz

To estimate the revenue generated by each product

To analyze the market demand for each product

To calculate the profit margin for each product

To record and allocate the expenditure for the determination of costs of product (correct)

To attract more investors to the business

To determine the profitability of the business (correct)

To negotiate with suppliers for lower prices

To manage the production process efficiently

Expenditure, revenue, cost

Cost, sales, revenue

Cost, price, profit (correct)

Profit, revenue, price