Which of the following statements are true? I. A factory supervisor's salary would be classified as an indirect cost with respect to a unit of product. II. A direct cost is a cost that can be easily traced to the particular cost object under consideration. III. A cost can be direct or indirect. The classification can change if the cost object changes. Multiple Choice Statements I and ∥ are true. All of the statements are true. Only statement I is true. None of the statements are true.