Question: 12. A cost object is any item for which costs are measured and assigned. True False 13. Allocation means that an indirect cost is assigned

12. A cost object is any item for which costs are measured and assigned. True False 13. Allocation means that an indirect cost is assigned to a cost object by using a reasonable and convenient method. True False 14. A cost driver is a causal factor that measures the output of the activity that leads costs to change. True False

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