Cost classifications used for assigning costs to cost objects include: Multiple Choice
O Variable cost and fixed cost.
О Direct cost and indirect cost.
O Product cost and period cost.
O Relevant cost and irrelevant cost.

Cost classifications used for predicting cost behavior include: Multiple Choice
O Variable cost and fixed cost.
O Direct cost and indirect cost.
О Product cost and period cost.
O Relevant cost and irrelevant cost.

Cost classifications used for preparing financial statements include: Multiple Choice
O Variable cost and fixed cost.
O Direct cost and indirect cost.
O Product cost and period cost.
O Relevant cost and irrelevant cost.

Cost classifications used for decision making include: Multiple Choice
O Variable cost and fixed cost.
O Direct cost and indirect cost.
O Product cost and period cost.
O Relevant and irrelevant cost.