The basic difference between a first-stage cost allocation and a second-stage cost allocation is that cost pools are not used in first-stage cost allocations.

Name: The basic difference between a first-stage cost allocation and a second-stage cost allocation is that cost pools are not used in first-stage cost allocations.
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First-stage cost allocation involves assigning costs to cost pools, while second-stage cost allocation involves assigning costs from these pools to specific cost objects.

The Basic Difference Between a First-Stage Cost Allocation and a Second-Stage