It is not a requirement to identify the indirect costs associated with each job when assigning costs to individual jobs.

Question

Quizplus · Accepted Answer

It is a requirement to identify and allocate indirect costs, often called overhead costs, to individual jobs in order to accurately determine the total cost of each job. Ignoring indirect costs can lead to inaccurate job costing and ultimately, incorrect pricing decisions.

It Is Not a Requirement to Identify the Indirect Costs