Question: Classifying a cost as either direct or indirect depends upon _ _ _ _ _ _ _ _ . Question 4 options: whether a cost

Classifying a cost as either direct or indirect depends upon ________.
Question 4 options:
whether a cost is fixed or variable
whether the cost can be traced to a particular cost object in an economically feasible way
whether the cost is expensed in the period in which it is incurred
the behavior of the cost in response to volume changes

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:

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:

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:

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:

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:

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:

2 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 a cost is fixed or variable c. whether the cost can be...

Q:

Refco Furniture Company refinishes and reupholsters furniture. Refco Furniture uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are...

Q:

What may have caused the intercultural blunder? How could Procter & Gamble have avoided it? In what ways are stereotypes harmless or harmful? in a workplace

Q:

Write the opening paragraph of a speech aimed at your headteacher. Your speech should attempt to persuade them that school holidays should be longer. Choose a suitable voice and write around 80...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...