Question 3

a. Indirect costs have specific cost objects. (True/False)

b. Managerial accounting measures manufacturing costs. (True/False)

c. Indirect labor costs are included in overhead. (True/False)

d. Factory overhead is a direct manufacturing cost. (True/False)

e. Prime costs are also direct costs. (True/False)

f. Product costs are an administrative expense. (True/False)

g. Sustainability is a real managerial accounting objective. (True/False)

h. taxes, insurance, and depreciation are conversion costs. (True/False)