After YOU have answered these we will be happy to give you suggestions if needed. We do not do your work for you.
false
True. Indirect costs occur when resources, such as labor, utilities, or overhead, are shared by more than one cost object. These costs cannot be easily traced back to specific cost objects and are allocated or apportioned based on certain allocation methods, such as activity-based costing or allocation ratios. To determine the indirect costs incurred by a specific cost object, you would need to identify and evaluate the shared resources and their corresponding allocation methods.
