1.For short-term pricing decisions, absorption costing is an appropriate costing method to use.

True

False

2. Which of the following would not be considered a product cost?

Direct material costs.

Factory supervisor's salary.

Direct labor costs.

Budget accountant's salary.

Manufacturing overhead costs.

3. A visual line fit to points in a scatter diagram may be used to identify the approximate relation between past cost and unit data.

True

False