Multiple Choice
Which of the following statements about the direct or indirect cost classification is not true?
A) Indirect costs are always traced.
B) Indirect costs are always allocated.
C) The design of operations affects the direct or indirect cost classification.
D) The direct/indirect classification depends on the choice of the cost object.
E) All of these statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Whatever the purpose,the _ _ trace direct
Q7: Which of the following is not a
Q8: Accountants measure the cost of direct materials
Q9: Write a short essay and explain why
Q10: Budgeted costs are also known as predicted
Q12: The predicted,or forecasted costs,are:<br>A)actual costs.<br>B)budgeted costs.<br>C)cost object.<br>D)cost
Q13: A/an _ cost is the cost incurred;and
Q14: Managers achieve clarity about direct labor costs
Q15: The cost incurred is:<br>A)actual costs.<br>B)budgeted costs.<br>C)cost object.<br>D)cost
Q16: Write a short essay and discuss whether