4. Which of the following is not an example of a cost object and its related cos

Question

4. Which of the following is not an example of a cost object and its related cost driver? Cost Object Cost Driver A. Rent B. Transportation C. Direct labor hours D. Utilities Square feet Miles driven Indirect labor Machine hours 5. Select the incorrect statement from the following. A. The difference between a direct cost and an indirect cost is that the direct cost is physically present in the cost object. B Actual costs are useful for evaluating managerial performance. C Actual costs are not relevant in many decisions because actual costs cannot be determined until after the decision has been made. D. When accumulating the cost of a specific cost object, the indirect costs are allocated to the cost object.

Explanation / Answer

4 Direct labor hours and indirect labor is not a cost object and cost driver 5 The difference between a direct cost and an indirect cost is that the direct cost is physically present in the cost object is incorrect

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