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Answer all.theyre connected q , Chapter 2 material - Basic Cost Terms and Purposes Questions 1 through 4 are based on the following information: Each

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Answer all.theyre connected
q,
Chapter 2 material - Basic Cost Terms and Purposes
Questions 1 through 4 are based on the following information:
Each of the following items pertains to either ABC Electronics (a manufacturing company) or Osprey
Surf Shop (a merchandising company). Classify each item as either inventoriable costs or period costs. (Indicate that the cost is a period cost by marking A on your scantron. Indicate that the cost is an inventoriable cost by marking C on your scantron.)
5. Assigning direct costs to a cost object is easier than assigning indirect costs to a cost object
A) True
B) False
6. An increase in production levels within the relevant range would
A) not change variable costs per unit
B) not change fixed costs per unit
C) not change total variable costs
D) change total fixed costs
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