Indirect Costs

question 77

Multiple Choice

Indirect costs:

• A) can be traced to a cost object.
• B) cannot be traced to a particular cost object.
• C) are not important.
• D) are always variable costs.
• E) may be indirect with respect to Disney World but direct with respect to one of its major components, Epcot Center.

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Definitions:

Flow Variable

A measure of something over an interval of time, such as your spending per week.

Point In Time

describes a specific moment or instance in the timeline.

Determined

A term describing a definite and firm decision or the resolution to follow a particular course of action.

Measured

A term referring to something that has been quantitatively determined or assessed by using specific units or standards.