External failure costs include all of the following costs except those related to: a. Lost sales and lost customer. b.Warranty obligations c. Product liability suits d. Product field testing.

Which of the following best defines " stockout costs"? A) They are physical goods used in operations. B) They are costs associated with retrieving inventory items from a workshop C) They are costs associated with interruptions to assembly lines D) They are associated with inventory being unavailable when needed to meet demand. E) None of the above.

3. Costs of a product that are regarded as an asset for financial reporting under GAAP are called inventoriable costs. O mixed costs. O direct costs. O overhead costs.

A decrease in the sales of a current project because of the launching of a new project is A. irrelevant to the investment decision. B. an overhead expense. C. a sunk cost. OD. cannibalization.

Conversion costs include Direct materials and Overhead costs. TRUE FALSE