Question: Direct costs a . would continue even if a particular product were discontinued. b . are those costs that can be easily and accurately traced

Direct costs
a. would continue even if a particular product were discontinued.
b. are those costs that can be easily and accurately traced to a cost object.
c. can be assigned to products only by a process of allocation.
d. are incurred for the benefit of the business as a whole.
Direct costs a . would continue even if a

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:

1. Develop a naive model to forecast the number of new clients seen by CCC for the rest of 1993. 2. Develop a moving average model to forecast the number of new clients seen by CCC for the rest of...

Q:

Direct costs B . are costs related to a particular cost object that cannot be traced to that cost object in a cost - effective manner C . focus specifically on the costing needs of the CFO D . are...

Q:

Direct costs B . are costs related to a particular cost object that cannot be traced to that cost object in a cost - effective manner C . focus specifically on the costing needs of the CFO D . are...

Q:

5. A companys direct costs: a. are incurred to benefit a particular accounting period. b. can be easily traced to a particular cost object. c. are incurred due to a specific decision. d. are the...

Q:

ACC105 - Unit 1 Study Guide Student: _Michael Garcia - orecbur 1. The sum of all costs of manufacturing costs except direct materials is called manufacturing overhead True Falso direct material...

Q:

Direct Costs a. are incurred for the benefit of the business as a whole b.cannot be traced accurately to a product c are those costs that can be easily and accurately traced to a product d.would...

Q:

What are direct and indirect cost in your own organization ( Human Services/ Autism)? Overview: Direct and Indirect Costs Departments serving patients in large healthcare organizations require...

Q:

Which of the followings statements is correct regarding direct and indirect costs? A) Direct costs cannot easily be traced to a cost object, whereas indirect costs can be easily traced to a cost...

Q:

acc 202 A) are incurred to benefit a particular accounting period. B) are incurred due to a specific decision. C) can be easily traced to a particular cost object. D) are the variable costs of...

Q:

1) Direct costs: A) are incurred to benefit a particular accounting period. B) are not considered prime costs. C) can be easily traced to a particular cost object. D) are the variable costs of...

Q:

Managerial Accounting 1. Direct costs: A) are incurred to benefit a particular accounting period. B) are incurred due to a specific decision. G) can be easily traced to a particular cost object. D)...

Q:

Which of the following formula is Simpson's 3/8th rule for numerical integration? O a. O b. Xn Sx" ydx = 3h {(yo + Yn) + 3(y1 + y2 + y4 + y5+...+Yn-1) + 2( Y3+Y6+...+Yn2)} 0 8 O d. fx ydx = 3h...

Q:

Explain the Producer-Consumer problem.

Q:

True or false: Financial records refer to any information in an institution's files pertaining to the customer's relationship. Select the correct answer, and then select Submit. True False

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....