1). costs are costs that are incurred for theproduction requirements of a certain period.
T/F
2) budgetary slack can be avoided if lower and mid level managersare requested to support all of their spending requirements withspecific operational plans.
T/F
3) for an automotive repair shop the wages of mechanics would beclassified as direct labor cost.
T/F
4) when goods are sold their cost are transferred fromwork-in-process to finish Goods
T/F
