Anything for which a separate measurement of costs is desired is known as

Question 1 options:

	a fixed cost item.
	a cost driver.
	a cost item.
	a cost object.
	a variable cost object.

Question 2 (1 point)

 

Which of the following is a cost object?

Question 2 options:

	customers
	cost assignments
	direct materials
	conversion costs
	indirect labour

Question 3 (1 point)

 

Which of the following is an indirect production cost?

Question 3 options:

	cost of shipping a product to the customer
	calibrating factory equipment
	labour placed into production
	materials placed into production
	advertising

Question 4 (1 point)

 

Actual costs are defined as

Question 4 options:

	sunk costs.
	indirect costs.
	predicted costs.
	costs incurred.
	direct costs.

Question 5 (1 point)

 

Whether a company traces costs directly to an output unit or not depends upon

Question 5 options:

	the employment of cost management.
	the materiality of the contribution a cost makes to the total cost per output unit.
	the effect of cost tracing on overhead.
	the amount of similar costs in the cost assignment.
	the amount of customer satisfaction.

Answer rating: 100% (QA)

Based on the provided options for each question lets go through them one by one Question 1 Anything ... View the full answer