When discussing costing the indirect cost rate is:
A) the rate used to assign indirect costs to the cost object
B) the total costs incurred for a cost object
C) the input or activity that causes changes in total costs for a cost object
D) the method used to allocate the costs of each support department to the operating departments

Question

Quizplus · Accepted Answer

The indirect cost rate is used to allocate indirect costs to a specific cost object, such as a product or project.

When Discussing Costing the Indirect Cost Rate Is