Select the Incorrect Statement from the Following

question 140

Multiple Choice

Select the incorrect statement from the following.

• A) The difference between a direct cost and an indirect cost is that a direct cost relates to a given cost object while an indirect cost does not.
• B) Actual costs are useful for evaluating managerial performance.
• C) Actual costs are not relevant in many decisions because actual costs cannot be determined until after the decision has been made.
• D) When accumulating the cost of a specific cost object, the indirect costs are allocated to the cost object.

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Definitions:

Interstate Commerce

Trade, traffic, or transportation involving the movement of goods or people across state lines, regulated by federal law.

Professional Baseball

A sport involving organized teams and leagues, recognized at a professional level for its athletes who are paid to play.

Global Markets

The worldwide financial marketplace where goods, services, currencies, and stocks are traded across borders.

U.S. Antitrust Laws

Laws in the United States designed to prevent monopolies and promote competition among businesses.