Which of the following statements concerning costs is incorrect?
A. Out-of-pocket costs include the costs associated with not taking a particular course of action.
B. Costs can be categorized on the basis of relevant or irrelevant costs.
C. Any single cost can be classified in more than one way.
D. Costs are treated differently depending on how the information will be used.
Answer: A
You might also like to view...
To plan effective marketing strategies, a company needs to find out all it can about its competitors. It must constantly compare its marketing strategies, products, prices, channels, and promotions with those of close competitors
This is an example of ________. A) blue ocean strategy B) competitor analysis C) organizational evaluation D) perfect competition E) quantitative analysis
Which of the following courses of action is best suited for a company in the event of the sales of
its product dropping by a marginal amount? A) arranging for a backup partner B) investigating new markets C) repositioning or pulling the existing off the market D) conducting customer survey and using feedback for future forecasts
Overapplied overhead should be ________ to the Cost of Goods Sold account when closed.
What will be an ideal response?
Brown Corporation purchased all of the stock of Gremlin Corporation. The appraisal remedy is not available to a dissenting shareholder of Brown Corporation
a. True b. False Indicate whether the statement is true or false