can you fouble check my answers.

1. Cost allocation is: a. the tracing of both direct and indirect costs to a cost object b. the process of determining the actual cost of the cost object c. the tracing of direct costs to a cost object the assignment of indirect costs to the cost object 2. An important advantage of using a negotiated transfer price is: This is the quickest method to determine transfer prices. This may be the most practical approach when conflicts exist between selling and buying divisions. C. This method produces transfer prices that are acceptable under international financial reporting standards. d. This method is required for federal income tax purposes. 3. Life-cycle costing is the name given to: a. the process of examining product features to determine what value added activities to reduce. a system that focuses on reducing costs during the manufacturing cycle. the process of managing all costs along the value chain. d. method of cost planning to reduce distribution costs to targeted levels. 4. The competitive strategy of differentiation requires that the product must be: a. Produced at the lowest cost compared to competitors. b. Lowest price in the market. C. Identical to competitor products that are targeted to the same customers. d. Unique in some a way that is important to customers. 5. When using the high-low method, the two observations used are the high and low observations of the a.) cost driver b. dependent variables c. total cost d. residual term