Unallocated Costs ________

question 107

Multiple Choice

Unallocated costs ________.

• A)are not recorded in the cost accounting system
• B)are not allocated to cost objects
• C)are direct costs for service firms
• D)are indirect costs for merchandising firms

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Definitions:

NAICS Guidelines

The North American Industry Classification System guidelines classify business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy.

ISO 9000

An international framework of criteria aimed at quality management and assurance to assist businesses in fulfilling the requirements of customers and other stakeholders.

Marketing Actions

Strategic activities undertaken by a company to promote and sell its products or services.

Tangible Attributes

Physical characteristics of a product that can be observed by the senses, such as size, color, weight, or texture.