Ma1. Please classify as true or false and comment the following sentence: “The costs of the manufacturing sections (cost centres) only include direct costs”
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Ma1.
Please classify as true or false and comment the following sentence: “The costs of the
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- Choose one correct answer by writing down the question number and the letter representing the answer next to it. e.g 1.b1.Direct Costs are costs that:a. are traceable to a productb. are classified as product costs c. are also regarded as prime costsd. All of the above are correctMa3. What are the benefits and limitations of ABC? Please answer according to the structure below: Intro: Identity what are Activity-based costing ? Body: Direct answer Conclude: up to you.help me to answer with supportin gcomputation What is the total amount of costs that will be expensed when incurred?
- 1. Differentiate between spoiled and defective material, why costing procedure is different for both?1. Define the meaning of cost. Please help me I really need the answer, clear explanation please, thank you!The cost that is used for the benefit of many cost objects and cannot be easily related to any specific cost object: Select one: O a. Fixed cost O b. Indirect cost O c. Direct cost d. Variable cost
- The total cost of a cost object can only include the direct costs that are directly traced to that cost object. Question 14 options: True FalseWhat are the different types of Costs? (all type of Costs please like direct cost, indirect, fixed, variable, etc. and explain all please, thank you so much, I will appreciate it if you will help me...)Label each of the following statements as either true (“T”) or false (“F”). Relevant costs are also known as unavoidable costs.
- Which of the following statements is true? (You may select more than one answer.)a. A common cost is one type of direct cost.b. A sunk cost is usually a differential cost.c. Opportunity costs are not usually recorded in the accounts of an organization.d. A particular cost may be direct or indirect depending on the cost object.2- The ABC costing method * a) is based on the Pareto curve b) is absorption costing c) allows you to track the most important activities d) does not present cost apportionment:Under activity-based costing, the process of assigning costs to cost objects is called First stage allocation .a O Calculation of cost object margin .b O None of the given answers .c O Third stage allocation .d O Second stage allocation .e O