When Xerox created Semaphore Communications to manufacture and market a security product that encrypts messages for cellular phones, which form of entrepreneurship were they using?

All of the following costs should be charged against revenue in the period in which costs are incurred except for

a. manufacturing overhead costs for a product manufactured and sold in the same accounting period. b. costs which will not benefit any future period. c. costs from idle manufacturing capacity resulting from an unexpected plant shutdown. d. costs of normal shrinkage and scrap incurred for the manufacture of a product in ending inventory.

The ABC system is an inventory management technique for determining the optimal order quantity for an item of inventory

Indicate whether the statement is true or false