Questions: 1 True or false: Your company manufactures cars, and spends approximately $150,000 per month on customer service agents who answer customer complaints. This $150,000 cost would be termed an "operating expense" and should be

inventoried as required

True

False

Question: 2

True or false: In the assignment of indirect costs, costs in a cost pool should have the same "cost allocation base" to ensure costing accuracy.

True

False

Question:3

True or false: Due to strict accounting rules (such as GAAP and their equivalents) classifying costs into their various categories leaves little room for judgement in "Management Accounting"

True

False

Question 4

True or false: Your company manufactures cars, and spends approximately $150,000 per month on customer service agents who answer customer complaints. This $150,000 cost would be termed an "operating expense" and should be inventoried as required

True

False