ntoranswers the question. Please write you answers in the space inicie D is worth 496 points, for a total 100%. Good Luck. FALSE 1) Selling eosts can be either direct or indirect costs. 2) A direct eost is a cost that cannot be easily traced to the particular cost object under consideration 3) Conversion cost equals product cost less direct labor cost 4) Product costs are recorded as expenses in the period in which the related products are sold. Variable costs are costs that vary, in total, in direct proportion to changes in the lume or level of activity. 5) ECHOICE All of the following costs would be found in a company's accounting records 6) xcept: A) opportunity cost. C) indirect costs. B) direct costs. D) sunk cost. n a manufacturing company, direct labor costs combined with direct materials 7) sts are known as: A) prime costs. C) opportunity costs. B) conversion costs. D) period costs. hich of the following is an example of a cost that is variable with spect tothe number of units produced? 8) A) Direct labor cost, where the direct labor workforce is adjusted to the actual production of the period. 8) Rent on the administrative office building. ) Rent on the factory building. ) Salaries of top marketing executives. bott Company's manufacturing overhead is 20% of its total conversion costs. irect labor is $38,000 and if direct materials are $23,00o, the nufacturing overhead is: ) $5.750 lin Iiil B) $9,500 C) $152,000 D) $15,250