4. Organisations which produce products or provide services would typically assign costs to their cost objects of interest. Which of the following are possible reasons behind why they do this?

1. To find out how many new customers they should seek

2. To help them choose which allocation base to use

3. To help them measure the profitability of the cost object

Group of answer choices

Statement 1 and 3 only

Statement 2 only

Statement 3 only

Statement 1 only

Statement 1,2 and 3