The Process of Assigning an Indirect Cost to a Cost

question 170

Short Answer

The process of assigning an indirect cost to a cost object by using a reasonable and convenient method is called _____________.

---

Definitions:

Perfect Tender Rule

A principle under the Uniform Commercial Code permitting a buyer to reject goods if they or their delivery fail to conform exactly to the contract, with certain exceptions.

Performance

The execution of an action or fulfillment of a contract as specified.

Withdraw Acceptance

The act of revoking acceptance of a contract or offer before it is fully executed, often under specific conditions or due to misrepresentation.

Reasonable Commercial Standards

A set of practices that are considered acceptable and customary in a particular industry or line of business.