Question Details

For external reporting, inventoriable costs under GAAP 



TRUE/FALSE

1.	Indirect costs are costs that cannot be traced to cost objects in an economically feasible way.

		

2.	To motivate engineers to design simpler products, costs for production, distribution, and customer service may be included in product-cost estimates.
			
		
3.	For external reporting, inventoriable costs under GAAP sometimes include R&D costs.

	
4.	Today, companies are simplifying their cost systems and moving toward less-detailed and less-complex cost allocation bases.

	
5.	When using the cause-and-effect criterion, cost drivers are selected as the cost allocation bases.





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