10. Palmer Company has three divisions. The company should consider a cost to be a direct cost if:

a. It meets guidelines imposed by generally accepted accounting principles.

b. It can be allocated to a division.

c. It is a variable cost.

d. It can be traced to a division in a cost-effective manner

9. The split off point:

a. is the point at which production of joint products begins.

b. is the point at which joint products are separated from each other.

c. refers to the point where title to goods sold passes from the seller to the buyer.

d. is the point at which joint products become unidentifiable.

8. Cost objects may be:

a. Products.

b. Processes.

c. Departments.

d. All of the above answers are correct.