Question: Classifying a cost as either direct or indirect depends upon . A . whether the cost is expensed in the period in which it is

Classifying a cost as either direct or indirect depends upon
.
A. whether the cost is expensed in the period in which it is incurred
B. whether the cost can be traced to a particular cost object in an economically feasible way
C. whether a cost is fixed or variable
D. the behavior of the cost in response to volume changes
Classifying a cost as either direct or indirect depends upon .

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Which of the following statements is TRUE? Classifying a cost as either direct or indirect depends upon the behavior of the cost in response to volume changes. O Classifying a cost as either relevant...

Q:

1) A manufacturing plant produces two product lines: golf equ. equipment. An example of a direct cost for the golf equipment nes: golf equipment and soccer irect cost for the golf equipment line is...

Q:

Which of the following statements is TRUE ? A. Classifying a cost as either direct or indirect depends upon the behavior of the cost in response to volume changes. B. Classifying a cost as either...

Q:

Question 115 pts The following information pertains to questions 10-12 regarding Scott's Production Company: Beginning finished goods, 1/1/2018 $ 40,000 Ending finished goods, 12/31/2018 33,000 Cost...

Q:

Section A: Multiple Choice Questions (Please circle the most appropriate answer) (3 marks) 1) Cost behavior refers to a) how costs react to a change in the level of activity. whether a cost is...

Q:

if you can please help me with the following... I will make sure to tip you thanks. Question 1. 1. (TCO 3) A characteristic of managerial accounting would include: (Points : 3) being based on...

Q:

Classifying a cost as either direct or indirect depends upon A) the behavior of the cost in response to volume changes B) whether the cost is expensed in the period in which it is incurred whether...

Q:

The process of assigning indirect costs to products, services, people, business units, etc., is: Multiple Choice cost object. cost pool. cost allocation. opportunity cost. Classifying a cost as...

Q:

A characteristic of managerial accounting would include: (Points : 3) being based on historical financial information. following GAAP. foregoing accuracy for timeliness. being designed to report...

Q:

A characteristic of managerial accounting would include: (Points : 3) being based on historical financial information. following GAAP. foregoing accuracy for timeliness. being designed to report...

Q:

A cat knocks a penny off the Empire State Building. As it goes over the edge it has a velocity of 4.0 m/s. What is the HORIZONTAL COMPONENT of its velocity when it hits the ground (in m/s)? . b. 4.0...

Q:

The discontinued inventory had a total value of R45 200 under the first-in, first-out method, and there has been no movement in the discontinued inventory balance since the 2020 financial year. Due...

Q:

The optimal cepital structure is an implication of which theory? 2 . MMproposition I b . MM proposition II 1 c . Thade - off theory ( bxtween the tux advartige of debt and the coist of finmelal...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.