Some costs that possibly could be traced directly to cost objects are nonetheless classified as indirect costs because: a. such costs cannot be traced to objects in a cost-effective manner. b. such practice results in a more accurate accumulated cost for the object. c. generally accepted accounting principles require some costs to be treated as indirect. d. all of these answers are correct.

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?