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QUESTION 1 Which statement is false? Indirect factory labor costs O A. may include fringe benefits of factory workers O B. are costs that cannot or will not, for practical reasons, be traced to the product being manufactured o C. are included in administrative costs O D. are included in manufacturing overhead. QUESTION 2 An important cost to measure in a manufacturing company is the cost to manufacture a product. True O False QUESTION 3 Product cost would include which of the following? A. Financing charges O B. Storage costs for finished goods inventory O C. insurance costs on the factory D. Sales personnel's salaries QUESTION 4 The company president's salary is a product cost True False QUESTION 5 Product costs would include supervisory labor and indirect materials True False