Answer:
Dear management.
I am thankful to have been appointed as the cost accountant.
This memo is to introduce, briefly, some the most common costs classifications.
Costs can be classified mainly according to their nature, functions, and traceability.
Nature: they can be labor costs (wages paid to workers), material costs (money paid for material goods used in the production of something), and other expenses.
Functions: the costs are classified according to their function. They can be production costs (used in the production process), or commercial costs (used for selling and administrative purposes).
Traceability: the costs are classified depending on whether they can be traced back to the final product or not. They can be direct costs (can be traced back to the final product), or indirect costs (cannot be traced back to the final product).
General ledger. it is journals that feed ledgers and ledgers that feed the general ledger.
The term that gives clues about decision making towards one goals as well as ones activities as regards this question can be referred to as Planning.
- Planning can be regarded as process that involves thinking about activities needed in achieving ones goal as well as organizing these activities in way that would make it easier to achieve the desired goal.
- Planning can as well be explained as management process which concerned about defining goals for the future of company and its direction.
- Planning helps in determining the missions as well as the resources needed in achieving those targets.
<em>Therefore, Planning involve setting ones goal and all process involves in pursuing it.</em>
<em />
Learn more at: brainly.com/question/22939933?referrer=searchResults