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Commerce · Q640

Costing

Graduate and Post Graduate · Commerce · question 640

Q640

A group of individual indirect cost item is defined as

A.
direct pool
B.
cost pool
Answer
C.
indirect pool
D.
item pool

Answer: Option B

Solution

Answer: Option B
Solution:
A group of individual indirect cost item is defined as cost pool. Cost pools is an accounting term that refers to groups of accounts serving to express the cost of goods and service allocatable within a business or manufacturing organization.