Overhead Costs Are

question 9

Multiple Choice

Overhead costs are:

• A)incurred for the benefit of multiple cost objects
• B)also known as indirect costs
• C)might be traceable to an individual cost object but it is not cost effective to do so.
• D)all the statements about overhead costs are true.

---

Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts.

Social Values

Represent the important beliefs or ideals shared by members of a society concerning what is good or bad, and desirable or undesirable.

Public Policy

A governmental policy based on widely held societal values.

Legal Principles

Fundamental norms, rules, or doctrines that guide the practice of law and ensure fairness and justice in legal processes.