What costing concept refers to costs that are not part of any one particular program but are needed to support training activities and cannot be recovered even if the program is cancelled?

Question

Quizplus · Accepted Answer

Indirect costs refer to expenses that are not directly attributable to a specific project or program but are necessary for the overall operation, such as administrative expenses, utilities, and rent. These costs support multiple activities and cannot be easily traced back to a single program, making them non-recoverable if a specific program is cancelled.

What Costing Concept Refers to Costs That Are Not Part