Select the
A) Only direct costs are traced to cost objects.
B) The same cost may be assigned to more than one cost object.
C) General,selling,and administrative costs cannot be assigned to a cost object.
D) A given cost can be driven by more than one cost driver.

Question

Quizplus · Accepted Answer

The things we are trying to determine the cost of are commonly called cost objects.Cost objects may be products,processes,departments,service activities,etc.Many general,selling,and administrative costs can be assigned to a cost object such as a department.For example,sales commissions are based on a percentage of departmental sales and are therefore easy to trace to the departments.