Which method(s)do traditional accounting systems use to assign the following costs to cost objects (departments or units)? Direct Costs Overhead Costs
A)Allocate Trace
B)Trace Allocate
C)Allocate Allocate
D)Trace Trace

Question

Quizplus · Accepted Answer

Traditional accounting systems trace direct costs directly to cost objects and allocate overhead costs based on predetermined rates or methods.

Which Method(s)do Traditional Accounting Systems Use to Assign the Following