Costs that can be traced to a specific cost object are:
A)opportunity costs.
B)direct costs.
C)indirect costs.
D)irrelevant costs.

Question

Quizplus · Accepted Answer

Direct costs can be traced to a specific cost object, such as a product or project, and are easily identifiable and measured. Opportunity costs are the benefits foregone by choosing one option over another, and indirect costs are costs that cannot be directly attributed to a specific cost object. Irrelevant costs do not affect the decision-making process.

Costs That Can Be Traced to a Specific Cost Object