uestion 1 A company uses sandpaper in its production process. How is the cost of the sandpaper classified? Select one: ked out of OA a product cost way Don OB. a period cost OC. an insignificant expense that can be ignored. D. a direct material on 2 ut of In CVP analysis. Select one: OA. an assumption is that when one more than one type of product is sold, the sales mix will vary. OB. an assumption that all costs can be classified as either variable or fixed. OC. the term 'cost' includes only manufacturing costs. OD. one assumption is that costs must be classified as either fixed, mixed, or variable. Into which one of the following accounts would the work of factory employees, that can be physically and directly associated with converting raw materials into finished goods, be categorized? Select one: O A. manufacturing overhead OB. Indirect labour O C. direct labour OD. indirect materials