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no need to explain Flash Company produces lamps. All of the following are direct costs except: Electrical cord. Lamp shade. Wages for assembly. Switch. Factory
no need to explain Flash Company produces lamps. All of the following are direct costs except: Electrical cord. Lamp shade. Wages for assembly. Switch. Factory rent. Flash Company produces lamps. All of the following are direct costs except: Electrical cord. Lamp shade. Wages for assembly. Switch. Factory rent. Question 2 Classifying costs by behavior with changes in volume of activity involves: Identifying costs as financial or managerial. Identifying cost of goods sold and operating costs. Identifying costs in a physical manner. Identifying both quantitative and qualitative cost factors. Identifying fixed costs and variable cost. D Question 4 Product costs: Are expenditures identified more with a time period rather than with units of product. Are expenditures necessary and integral to finished products. Are expensed on the income statement when incurred. Include selling and administrative expenses. Are moved to the income statement for any unsold inventory at the end of the year. Question 5 Which of the following should not be included in direct materials costs for a bike manufacturer? Seats. Handlebars Tires. Machine lubrication oil. Pedals
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