Which of the following statements best describes an indirect cost? A. An indirect cost can be easily
Fantastic news! We've Found the answer you've been seeking!
Question:
Which of the following statements best describes an indirect cost?
A. An indirect cost can be easily and accurately traced to a cost object
B. An indirect cost is assigned to a cost object using allocation.
C. It is not important to assign an indirect cost as it can be traced to a cost object.
D. None of these statements are true.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date: