TB TF Qu. 4-134 (Static) Indicate whether each of the following.. Indicate whether each of the following statements is true or false. Indirect costs are traced to cost objects. Cost drivers are used to allocate Indirect costs to cost objects (Click to seled) An allocation rate is calculated by dividing the allocation base by the total cost to be allocated (Click to select) 7 A cost driver must be identified for each cost pool that is to be allocated. (Click to select) Depreciation on a building might be allocated to the departments sharing the building based on the number of square feet occupled by each department Click to select 2