Transferring Costs from Indirect Cost Pools to Cost Objects Is

question 69

Multiple Choice

Transferring costs from indirect cost pools to cost objects is called

• A)cost allocation.
• B)cost control.
• C)cost pool.
• D)cost factoring.
• E)cost processing.

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Definitions:

Breach

A breach is the violation or breaking of a law, obligation, or agreement, which can result in a legal dispute or action.

Nonconforming Goods

Products delivered under a contract that fail to meet the specifications or quality standards agreed upon.

Rights and Duties

The legal responsibilities (duties) and entitlements (rights) that are inherent in social and legal norms, contracts, or regulatory frameworks.

Possession

The state or fact of owning, controlling, or having something in one’s own keeping.