PREGUNTA 7 Select the incorrect statement from the following O It is better to be approximately right than precisely wrong O Actual costs are useful for evaluating managerial performance Actual costs are not relevant in many decisions because actual costs cannot be determined until after the decision has been made. O When accumulating the cost of a specific cost object, the indirect costs are traced to the cost object.

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.