To Be Useful to Management Accountants for Planning and Predictive

question 22

Multiple Choice

To be useful to management accountants for planning and predictive purposes, mixed costs

• A)must be classified into their fixed and variable elements.
• B)must be classified into their direct and indirect elements.
• C)must be classified into their product and period elements.
• D)none of these.

---

Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.