Question 11 In an income statement segmented by product line, a fixed expens should be t can be allocated among product lines on a cause-and-effect hasi o allocated proportionately to the product lines on the basis of segment m gin. o classified as a common fixed expense and not allocated. o classified as a variable expense. o classified as a traceable fixed expense and not allocated. Question 12 Statement : The objective of an effective quality management program is to make additional investments in prevention and appraisal tha are more than offset by reductions in internal and external failure costs. Statement II: The Quality Cost Report helps monitor the progress of lowering the overall cost of quality. Both Statements are False o Both Statements are True o Only Statement Il is True o Only Statement is True