Question 18 1 pts Fleet & Fox (FF) is a professional services firm with offices in Melbourne, Sydney, Adelaide and Brisbane. It has 2 main divisions - the Audit Division and Tax Division. It has about 500 employees and 100 clients as at January 2021. Its competitors include the Big 4 accounting firms and other smaller firms in the industry, Which of the following are likely cost objects for FF? 1. Each client 2. Its Melbourne Office 3. Each competitor Statement 1 only Statement 2 only Statement 3 only Statement 1 and 2 only Statement 1.2 and 3 Question 19 1 pts Which of the following statements about direct and indirect costs are true? 1. The same cost item can be classified as both a direct cost and indirect cost in a particular organization. 2. If it is NOT physically possible to trace the exact amounts of a particular cost item that is incurred by cost object X, then that cost item must be an indirect cost of cost object X. 3. If it is physically possible to trace the exact amounts of a particular cost item that is incurred by cost object X, then that cost item must be a direct cost of cost object X. Statement 1 only Statement 2 only O Statement 1 and 2 only Statement 2 and 3 only Statement 1.2 and 3