A Functional Classification of Costs Would Classify "Depreciation on Office

question 26

Multiple Choice

A functional classification of costs would classify "depreciation on office equipment" as a

• A)product cost.
• B)general and administrative expense.
• C)selling expense.
• D)variable cost.

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Definitions:

Scientific Process

A methodological approach to inquiry involving systematic observation, experimentation, and analysis to gain knowledge and understand phenomena.

Numerical Ratings

Quantitative scores assigned to evaluate performance, satisfaction, or other measurable aspects, facilitating comparison and analysis.

Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation.

Scientific Process

A methodical approach used in scientific research to generate empirical evidence and validate hypotheses through observation, experimentation, and analysis.