Overhead Costs

question 53

Multiple Choice

Overhead costs:

• A) Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost objects.
• B) Cannot be allocated to cost objects.
• C) Are always variable costs.
• D) Are only incurred by manufacturing companies.

---

Definitions:

Confidential Information

Sensitive information not made public, protected from unauthorized access or disclosure.

Legal Obligation

A duty recognized by the law, requiring a person to conform to a certain manner of conduct or to perform a certain action.

Professional Code of Conduct

A set of guidelines designed to set out acceptable behaviors for members of a particular profession or organization.

Duty of Care

A legal obligation requiring individuals or entities to exercise reasonable care and caution to avoid or minimize harm to others.