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TRUE/ FALSE2) An indirect cost will be traced to the cost object.TRUE / FALSE3) An example of a direct cost for a service provided by an accounting firm, such as a tax return, would be:A) depreciation on computer system. B) labor of staff accountant who prepared the return. C) labor of file clerk who filed copies of return. D) rent on the office.
4) An example of a direct cost in a car repair shop would include:5) In a manufacturing environment, an indirect cost such as ________ would usually be allocated to a cost object.6) In the manufacture of cans of beans, all of the following would likely be allocated to a cost object EXCEPT:7) A cost that depends on the amount of resource that is used is referred to as aA) fixed cost. B) variable cost. C) direct cost. D) indirect cost.8) A cost that is uniquely and unequivocally attributable to a single cost object is a: