Asked by
Kale'ab Kidane
on Nov 13, 2024
Verified
Indirect costs can be specifically traced to a cost object.
Indirect Costs
Costs that cannot be traced directly to a cost object.
Cost Object
Anything for which a separate measurement of costs is desired, such as products, services, projects, customers, or activities.
- Recognize the differences in cost concepts that encompass product versus period costs, and direct compared with indirect costs.
Verified Answer
CS
Learning Objectives
- Recognize the differences in cost concepts that encompass product versus period costs, and direct compared with indirect costs.