Answer (D) is correct . A cost accounting system has numerous objectives, including product costing, assessing departmental efficiency, inventory valuation, income determination, and planning, evaluating, and controlling operations. Determining sales commissions is not an objective of a cost accounting system because such commissions are based on sales, not costs.
Answer (A) is incorrect because Product costing is an objective of a cost accounting system.
Answer (B) is incorrect because Department efficiency is an objective of a cost accounting system.
Answer (C) is incorrect because Inventory valuation is an objective of a cost accounting system.
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