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Question 1 2.5 pts Which of the following statements is true: Cost objects can only be the product or service that is ultimately sold/provided to a customer. Death spiral occurs when practical capacity is used as the cost driver. Using departmental cost driver rates is generally less accurate at allocating indirect costs than using a plantwide cost driver. None of the above Process costing is appropriate to use for custom-made products Question 3 2.5 pts Time Attemp 29 Mir All of the following are differences between management and financial accounting except: Management accounting is only prospective and financial accounting is only retrospective Management accounting information is less aggregated than financial accounting information Management accounting is focused on internal users and financial accounting is focused on external users. All of the above statements are true. Management accounting is less regulated than financial accounting. Question 4 2.5 pts Bike & Ski Co. uses aluminum in its production of bicycles, Rob is the purchasing agent who reviews the amount of aluminum used in production to determine how much aluminum to purchase each month. How would you classify the cost of aluminum and Rob's salary, assuming the cost object is the Bike Division of Bike & Ski, Co.? Indirect, indirect None of the above Direct, indirect Direct, direct Indirect direct Question 1 2.5 pts Which of the following statements is true: Cost objects can only be the product or service that is ultimately sold/provided to a customer. Death spiral occurs when practical capacity is used as the cost driver. Using departmental cost driver rates is generally less accurate at allocating indirect costs than using a plantwide cost driver. None of the above Process costing is appropriate to use for custom-made products Question 3 2.5 pts Time Attemp 29 Mir All of the following are differences between management and financial accounting except: Management accounting is only prospective and financial accounting is only retrospective Management accounting information is less aggregated than financial accounting information Management accounting is focused on internal users and financial accounting is focused on external users. All of the above statements are true. Management accounting is less regulated than financial accounting. Question 4 2.5 pts Bike & Ski Co. uses aluminum in its production of bicycles, Rob is the purchasing agent who reviews the amount of aluminum used in production to determine how much aluminum to purchase each month. How would you classify the cost of aluminum and Rob's salary, assuming the cost object is the Bike Division of Bike & Ski, Co.? Indirect, indirect None of the above Direct, indirect Direct, direct Indirect direct