Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What cost term best fits the following descriptions? Choose from the following list of terms: direct cost, indirect cost, cost object, trace, allocate, and assign.

What cost term best fits the following descriptions? Choose from the following list of terms: direct cost, indirect cost, cost object, trace, allocate, and assign. Terms may be used more than once. image text in transcribed
What cost ter best fits the following descriptions? Choose from the folowing list of terms: direct cost, indirect cost cost object, trace, alocate, and assign. Terms may be used more than once cost object direct cost assign indirectos allocate Anything for which a manager would like to know the cost A cost that can be traced to a cost object C. A general term for attaching any type of cost to a cost object d. A cost that is related to a cost object, but can't be traced to it The method of assigning costs that results in a los precise cost figure A cost that is readily associated with a cost object The specific term for attaching a direct cost with a cost object The specific term for attaching an Indirect cost with a cost object A cost that is only used or shared by several cost objects The method of assigning costs that results in a very precise cost figure Whether a cost is direct or indirect depends on this + direct cost trace h alocate cost objed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Network Analysis Auditing Intangible Resources

Authors: Anna Ujwary-Gil

1st Edition

1032085215, 978-1032085210

More Books

Students also viewed these Accounting questions