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

Question

Quizplus · Accepted Answer

The procedure for assigning indirect expenses to departments at the end of an accounting period is called allocation. This involves distributing the indirect expenses among the departments based on a predetermined allocation method, such as the percentage of each department's direct expenses or the number of employees in each department.

The Procedure for Assigning Indirect Expenses to Departments at the End