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  3. 1). costs are costs that are incurred for the prod

1). costs are costs that are incurred for the production requirements of a certain period. T/F 2) budgetary...

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Accounting

1). costs are costs that are incurred for theproduction requirements of a certain period.
T/F
2) budgetary slack can be avoided if lower and mid level managersare requested to support all of their spending requirements withspecific operational plans.
T/F
3) for an automotive repair shop the wages of mechanics would beclassified as direct labor cost.
T/F
4) when goods are sold their cost are transferred fromwork-in-process to finish Goods
T/F

Answer & Explanation Solved by verified expert
3.6 Ratings (427 Votes)
The following statements are truefalse 1 This statement is false Because costs are cost that are incurred for the production requirements as well as incurred for their selling and distribution also Their are also of many types of costs which can be associated to a product for example raw material costs labour costs and manufacturing costs    See Answer
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