Question: Statement I : The cost object may include a customer, geographic regions, and departments or divisions of a firm. Statement II: Indirect costs may be

Statement I: The cost object may include a customer, geographic regions, and departments or divisions of a firm.

Statement II: Indirect costs may be included in administrative and selling expenses.

A. Both Statements are False

B. Both Statements are True

C. Only Statement II is True

D. Only Statement I is True

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