Asked by Marina Castelluzzo on May 02, 2024
Verified
Indirect costs can be specifically and accurately assigned to a given unit of production or a specific identifiable task performed by a service provider.
Production
The process of creating goods or services, involving tasks such as design, raw material procurement, fabrication, assembly, and testing.
Service Provider
A company or individual that offers services to others in exchange for payment, often in sectors like telecommunications, information technology, and healthcare.
- Distinguish between direct and indirect expenses, along with their classifications.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
False
Explanation :
Indirect costs cannot be specifically and accurately assigned to a given unit of production or a specific identifiable task. They are costs that cannot be traced directly to a particular product or service, such as rent, utilities, or administrative salaries.
Learning Objectives
- Distinguish between direct and indirect expenses, along with their classifications.