Problem:
You are in the process of assigning costs to a specified cost object. You have determined which costs you will assign and are now in the process of deciding which costs to assign directly and which to assign indirectly.
Required:
Question 1: Explain specifically how you would decide which costs to assign directly versus which to assign indirectly.
Question 2: Define cost, cost object direct cost and indirect cost.
Question 3: How would advanced information gathering technology affect your classification?
Note: Please provide reasons to support your answer.