TRUE FALSE 2 An indirect cost will be traced to the cost object TRUE FALSE 3 An

True false 2 an indirect cost will be traced to the

This preview shows page 1 - 3 out of 4 pages.

TRUE/ FALSE 2) An indirect cost will be traced to the cost object. TRUE / FALSE 3) An example of a direct cost for a service provided by an accounting firm, such as a tax return, would be: A) depreciation on computer system. B) labor of staff accountant who prepared the return. C) labor of file clerk who filed copies of return. D) rent on the office.
Image of page 1
4) An example of a direct cost in a car repair shop would include: 5) In a manufacturing environment, an indirect cost such as ________ would usually be allocated to a cost object. 6) In the manufacture of cans of beans, all of the following would likely be allocated to a cost object EXCEPT: 7) A cost that depends on the amount of resource that is used is referred to as a A) fixed cost. B) variable cost. C) direct cost. D) indirect cost. 8) A cost that is uniquely and unequivocally attributable to a single cost object is a:
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 4 pages?

  • Fall '15
  • NormanLeclair
  • Accounting, cost driver rate

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes