5. Which of the following definitions are true? i) A cost pool is a grouping of...

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5. Which of the following definitions are true? i) A cost pool is a grouping of individual cost items. ii) Cost tracing is the assigning of direct costs to the chosen cost object. iii) Cost allocation is the removal of indirect costs from the chosen cost object. a. i) and ii) are true. b. i) and iii) are true. c. ii) and iii) are true. d. all definitions are true. 1 5. Which of the following definitions are true? i) A cost pool is a grouping of individual cost items. ii) Cost tracing is the assigning of direct costs to the chosen cost object. iii) Cost allocation is the removal of indirect costs from the chosen cost object. a. i) and ii) are true. b. i) and iii) are true. c. ii) and iii) are true. d. all definitions are true. 1

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D All the definitions are true A cost pool is a grouping of individual costs typically by department ... View the full answer