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- Basics of Accountingaccounting-mcqs › cost-accounting-mcqs › basics-of-accounting
- Published
- 26 Apr 2023
- Last updated
- 28 May 2026
What is the term for identifying direct expenses and distributing indirect expenses called?
Multiple choice question for Basics of Accounting. Select an option, then review the explanation below.
Explanation
Cost assignment refers to the process of tracking direct costs and allocating indirect costs to the appropriate cost objects.
More Basics of Accounting MCQs
Practice related questions from the same subject.
- 1.What term is used to describe the item or material for which costs are determined?
- 2.In accounting terminology, what is the term for the cost recorded in previous financial records?
- 3.What term describes the process of assigning direct costs to a particular cost object?
- 4.In a production environment, what term is used to describe factors like the level or volume of company operations that influence costs?
- 5.In accounting terms, what is the term for the resources given up to accomplish a particular goal?