Predetermined Indirect Cost Rates Are Necessary Because

question 50

Multiple Choice

Predetermined indirect cost rates are necessary because:

• A) indirect costs cannot be traced directly to cost objects.
• B) product costs need to be calculated promptly for decision-making purposes.
• C) indirect costs are not incurred evenly throughout the accounting period.
• D) all of the options are correct.

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Definitions:

Hunger

A physical sensation and physiological need prompting the desire to eat, driven by the body's energy requirements.

Esteem Needs

in Maslow's hierarchy of needs, the fourth level, including self-esteem, confidence, achievement, respect of others, and respect by others.

Safety Needs

According to Maslow's hierarchy, these are the second tier of human needs, including security and protection from physical and emotional harm.

Physiological Needs

Basic elements necessary for human survival and function, such as air, water, food, shelter, and sleep.