The materiality of the cost is a 2 points factor in classifying the cost as a direct or indirect cost. * O True O False 2 points Knowing whether a cost is a period or a product cost helps to estimate total costs at a new level of activity. * O False O True 2 points Losses as a result of a fortuitous event are considered * O Normal Costs O Abnormal Costs O Direct Costs ! O Indirect Costs 2 points Within the relevant range, if there is a change in the level of the cost driver then * O fixed and variable costs per unit will change. O fixed and variable costs per unit will remain the same. O fixed costs per unit will remain the same and variable costs per unit will change. fixed costs per unit will change and O variable costs per unit will remain the same