Question

_____________ is a true statement. * that direct costs cannot be identified specifically with a given...

_____________ is a true statement.

* that direct costs cannot be identified specifically with a given cost objective in an economically feasible way

*That indirect cost can be identified specifically with a given cost objective in an economically feasible way

*that managers prefer to classify costs as indirect rather than direct

*That a cost simultaneously be direct & indirect depending on the cost objective

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Answer #1

The true statememt is (That a cost simultaneously be direct & indirect depending on the cost objective)

Wherein other statement are false

1. That direct costs cannot be identified specifically with a given cost objective in an economically feasible way : Direct cost can be identified specifically with a given cost objective in an economically feasible way.

2. That indirect cost can be identified specifically with a given cost objective in an economically feasible way : That indirect cost cannot be identified specifically with a given cost objective in an economically feasible way.

3. That managers prefer to classify costs as indirect rather than direct : Managers prefer to classify costs as direct rather than indirect.

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