31&32

QUESTION 31 When are product costs expensed? a. Product costs are never expensed. b. Product costs are expensed monthly. c. Product costs are expensed as products are sold. d. Product costs are expensed when incurred. QUESTION 32 In order to be relevant in the decision making process, a cost must: 1. Be different among the alternatives. II. Occur in the future. III. Stay the same. a. I and Ill only. b. ll only. c. I, II, and III. d. I and II only. e. Il and Ill only