Final answer:
The statement that the indirect cost 'project overhead' is attributable and charged to many projects is true. Project overhead includes costs like the project manager's salary, office rent, utilities, and equipment depreciation, and these costs are essential for accurate project budgeting and financial analysis.
Step-by-step explanation:
The indirect cost known as project overhead is indeed true to be attributable and charged to many projects. Project overhead refers to the costs incurred during the course of a project that are not directly tied to a specific unit of work or task, but are necessary for the project's completion and are spread out over the project's entire duration. Examples of project overhead include the salaries of the project manager, rent for the office space, utilities, and the depreciation of equipment.
Businesses must carefully allocate overhead costs to various projects to ensure accurate accounting and fair distribution of expenses. These costs are crucial for determining the total cost of the project and are essential for budgeting and financial analysis.