Which of the Following Is Part of the Approach to Computing

question 55

Multiple Choice

Which of the following is part of the approach to computing the budgeted indirect cost allocation rate?

• A)identify the costs which are part of the indirect cost pool
• B)identify costs associated with the direct cost pool
• C)estimate the cost items for direct cost pool
• D)adjust the cost allocation base for variances
• E)divide the total quantity of the cost allocation base into the total costs in the direct cost pool

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Definitions:

Desire

A strong feeling of wanting to have something or wishing for something to happen.

Qualifying

The process of assessing potential customers to determine whether they have the necessary budget, authority, and need to purchase a product or service.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Sales Process

A series of steps or stages followed by a salesperson or organization to sell a product or service effectively.