Identify whether the given statement is true or false.

Question

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Answer 1

Question

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

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Students have asked these similar questions

Please answer it if is TRUE or FALSE.

Raw materials that can be conveniently and directly traced to the finished product are classified as indirect materials. * True False

Materials that enter into and become a significant part of the finished product are called a.operating expenses. b.direct materials. c.indirect materials. d.administrative expenses.

Answer 2

Question

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

Answer 6

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Expert Solution & Answer

Answer to Problem 1TF

False statement

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.

Answer 7

Chapter 26, Problem 1TF

To determine

Identify whether the given statement is true or false.

Answer 8

Expert Solution & Answer

Answer to Problem 1TF

False statement

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

While manufacturing goods, direct materials are considered as major part of the finished product. The indirect materials are only used in manufacturing process and are not included as major part of the finished product.

Therefore, the given statement “Both direct and indirect materials enter into and become major parts of the finished product” is False.