The procedure for assigning indirect expenses to departments at the end of an accounting period is called

Question

Quizplus · Accepted Answer

The procedure of assigning indirect expenses to departments at the end of an accounting period is called allocation. It involves distributing indirect expenses among various departments based on a pre-determined allocation key or formula. This is an important step in accurately determining the costs associated with each department, which helps in making informed business decisions. Therefore, choice C is the correct answer.

The Procedure for Assigning Indirect Expenses to Departments at the End