true / false

1-Financial accounting purely deals with future transactions.

2- EOQ helps the company to make the order or how much should be purchased to minimize the cost, shortage cost and order cost

3- Danger Level is a level at which normal issues of the material are stopped and issues are made only under specific instructions.

4-Printing & stationery, Brooms, Dusters, etc are the examples of indirect expenses at administration level

5-Cloth used in dress is example of direct wages