_____ are costs that are the result of a firm's general operations and are not explicitly tied to any specific cost object.
A) Direct costs
B) Mediated costs
C) Explicit costs
D) Indirect costs

Question

Quizplus · Accepted Answer

Indirect costs are costs that cannot be traced directly to a specific cost object, such as a product or service. They are also known as overhead costs and can include expenses related to rent, utilities, and administrative salaries. Direct costs, on the other hand, can be specifically attributed to a particular cost object, such as the cost of the raw materials used to manufacture a product. Mediated costs and explicit costs are not commonly used terms in cost accounting.

_____ Are Costs That Are the Result of a Firm's