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which Option is correct The determination of a cost as either direct or indirect depends upon the accounting standards. The collection of cost data in
which Option is correct
The determination of a cost as either direct or indirect depends upon the accounting standards.
The collection of cost data in an organized way, such as in various categories such as materials, labor, and manufacturing overhead, is called cost tracing.
Cost accumulation is the assignment of direct costs to the chosen cost object.
If the amount of costs is too small to be traced directly to cots objects, such costs are designated as indirect costs.
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