The correct option is D - Production cost report
Explanation:
1. By ascertaining the true cost the management is able to decided the justified selling price which is to be charged from customer
2. cost accounting focuses on cost control & cost reduction , therefore the management is able to improve efficiency level & profit earning capacity of firm
3. during trade recession matter of survival becomes the most important factor , only those firm can survive who are aware of their true cost
4. efficiency are achieved when weakness are achieved & rectified , cost accounting helps in identifying the material wastage & unproductive labor time , therefore, the management may take appropriate action for its avoidance
