Select the Appropriate Classification of Each of the Costs Listed

question 18

Multiple Choice

Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Direct materials

• A)Variable cost
• B)Fixed cost

---

Definitions:

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that corroborates an individual's existing beliefs or theories.

Generalization

A principle, statement, or idea having general application.

Generalization

The process of forming conclusions based on a limited set of observations or examples.

Method

A systematic way of doing something, often involving a detailed plan or procedure.