If the Cost Object Is the Cosmetics Department of a Large

question 10

Multiple Choice

If the cost object is the cosmetics department of a large department store which of the following is a direct cost?

• A) Advertising costs for the store's annual stock take sale.
• B) Brand specific cosmetic product training.
• C) The payroll department manager's yearly bonus payment
• D) Security staff wages for the store.

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Definitions:

Collection Agencies

Companies that pursue payments of debts owed by individuals or businesses, typically on behalf of creditors.

Statute of Limitations

The law that sets the maximum time after an event within which legal proceedings may be initiated.

Truth in Lending Act (TILA)

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Finance Charges

Fees represented as the cost of credit to the borrower, which includes interests and other charges.