7. Product costs include

a. Selling costs

b. Administrative costs

c. All costs involved in acquiring or making a product

d. All of the above

e. None of the above

8. Absorption costing (GAAP) is based on

a. Microeconomics

b. Politics

c. Cost behavior

d. Cost function

e. None of the above

9. The relative proportion of each type of cost and organization is known as

a. Cost structure

b. Cost analysis

c. Variable costing

d. Direct cost

e. None of the above