Indirect cost is the cost that cannot be directly attributed to the production as these costs are incurred in general and can be fixed or variable in nature Select one: True False It's correct to assume that finished goods for one company would also be classified as finished goods for another company. Select one: True False Indirect cost is the cost incurred by the organization while performing their core business activity and can be attributed directly in the production cost. Select one: True False Management accounting reports on the profitability (and therefore the efficiency) of a business, whereas financial accounting reports on specifically what is causing problems and how to fix them. Select one: True False Inventory valuation is the cost associated with an entity's inventory at the end of a reporting period. Select one: True False