n indirect cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which one of the following statements is false?
a. Selling costs are period costs.
b. Depreciation cost of factory machine would be classified as a product cost.
Oc. Wages paid to production supervisors would be classified as an indirect cost.
d. Aspecific cost can be direct or indirect. The classification can change if the cost object changes.
e. An indirect cost is a cost that can be easily traced to the particular cost object under consideration.
Transcribed Image Text:Which one of the following statements is false? a. Selling costs are period costs. b. Depreciation cost of factory machine would be classified as a product cost. Oc. Wages paid to production supervisors would be classified as an indirect cost. d. Aspecific cost can be direct or indirect. The classification can change if the cost object changes. e. An indirect cost is a cost that can be easily traced to the particular cost object under consideration.
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