Which of the following statements best decribes an indirect cost? Question 8 options: None of these statements are true. An indirect cost can be easily and accurately traced to a cost object. An indirect cost is assigned to a cost object using allocation. It is not important to assign an indirect cost as it can be tr

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Business

Kenley Hahn

2 July, 00:58

Which of the following statements best decribes an indirect cost? Question 8 options: None of these statements are true. An indirect cost can be easily and accurately traced to a cost object. An indirect cost is assigned to a cost object using allocation. It is not important to assign an indirect cost as it can be tr

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Rollins · Answer 1

Which of the following statements best decribes an indirect cost?

An indirect cost is assigned to a cost object using allocation

Explanation:

A cost or expense that is not directly traceable to a department, product, activity, customer, etc. As a result indirect costs and expenses are often allocated to the department, product, etc.