Final answer:
The statement is true: Project overhead costs, such as management salaries and facilities expenses, are indirect costs that are distributed across many projects to ensure each project contributes to the general operational expenses.
Step-by-step explanation:
The statement that the indirect cost 'project overhead' is attributable and charged to many projects is True. Project overhead costs are expenses that cannot be directly attributed to any one project and instead support the general functioning of an organization that manages several projects.
Examples of project overhead might include the salaries of executive management, costs associated with company facilities such as rent and utilities, and expenses for support staff that work on multiple projects. These costs are typically allocated to individual projects based on some consistent method of distribution, such as the proportion of total project hours or the direct labor costs associated with each project, to ensure that each project bears its fair share of the overall overhead.