Question 16 1 pts Fixed costs: O may include either direct or indirect costs. o include parts and materials used to manufacture a product can be adjusted in the short run to meet actual demands. Ovary with production or sales volumes. 1 pts Cuestion 17 Question 18 1 pts Which statement is TRUE? O All variable costs are direct costs. O A direct cost of one cost object can be an indirect cost of another cost object. All direct costs are variable costs. All fixed costs are indirect costs. 1 pts Question 19 1 pts Which of the following statements is FALSE? o Acost concept used for external reporting purposes may not be appropriate for internal routine reporting to managers Accounting method for internal reporting purposes are specified by Generally Accepted Accounting Principles (GAAP). Management accountants must analyze and anticipate the reactions of individuals to the design and introduction of new measurements and systems. The Standards of Ethical Conduct for management accountants include concepts related to competence, confidentiality, integrity, and credibility. Question 20 1 pts