The product is the cost object when assigning indirect product costs.

Name: The product is the cost object when assigning indirect product costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Indirect product costs are costs that cannot be directly traced to a specific product, such as factory rent or utilities. When assigning these costs, the product itself is considered the cost object, meaning the product is what the costs are being assigned to. Therefore, the statement is true.

The Product Is the Cost Object When Assigning Indirect Product