Whether a cost is classified as direct or indirect will depend on:
A) the nature of the cost object.
B) whether the cost can be economically traced to the cost object.
C) whether the organisation is in a manufacturing or service industry
D) the nature of the cost object AND whether the cost can be economically traced to the cost object.
Correct Answer:
Verified
Q1: Indirect costs:
A) cannot be traced to a
Q3: Which of the following statements is false?
A)
Q4: If production increases, variable cost will:
A) remain
Q5: As activity level increases, total variable costs:
A)
Q6: Which of the following statements is false?
i.
Q7: Which of the following costs of a
Q8: Which of the following is not an
Q9: Costs that can be traced to a
Q10: Which of the following statements is true?
Q11: Variable costs:
A) vary indirectly with changes in
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