Contingency money is:
A)the money that must be received before any project work can begin.
B)money that is spent first to lock-in all contract guarantees.
C)not usually a part of the activity-based costing process.
D)valued at a higher rate than non-contingency money when determining project costs.

Question

Quizplus · Accepted Answer

Contingency money is not typically part of the activity-based costing process, as it is set aside for unexpected costs rather than being allocated to specific activities.

Contingency Money Is