w Question Completion Status: QUESTION 16 Higado Confectionery Corporation has a

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w Question Completion Status: QUESTION 16 Higado Confectionery Corporation has a number of store locations throughout North America. In ncome cost with respect to the stores? O store manager salaries store building depreciation expense O the cost of corporate advertising aired during the Super Bowl O cost of goods sold at each store QUESTION 17 Segmented statements for internal use should not be prepared using the contribution format True QUESTION 18 The salary paid to a store manager is not a traceable fixed expense of the store. O True O False QUESTION 19 Absorption costing treats all fixed costs as product costs. O True False QUESTION 20 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Ans

Explanation / Answer

Answer 1= Cost of the corporate advertising aired during the super bowl is the common fixed cost because the benefit of this will get by all the stores. So, the correct answer is as below, Answer = Option 3 = Cost of the corporate advertising aired during the super bowl is the common fixed cost Answer =2 Segment statements are prepared for iternal purpose also check the contribution earned by the each segment So the given statement is false Answer = False Answer =3 Salary paid to store manage is the fixed traceable expenses So the given statement is false Answer = False Answer = 4 Yes, Abosption costing only production fixed cost as product cost meand admin fixed cost and selling fixed cost are not considered So the given statement is false Answer = False

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