Cost allocation is the tracing and reassigning of costs to one or more cost objectives such as departments, customers, or products.
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Q10: Accountants initially record costs by category.
Q11: Evaluating the cost of a production process
Q12: Costs can be classified only as direct
Q13: A cost is consumption of resources for
Q14: For many organizations, the single largest cost
Q17: An example of a cost objective is
Q18: Cost can be measured by dollars, yen,
Q19: Cost assignment is the tracing or allocating
Q40: A cost object is anything for which
Q98: Period costs include selling and administrative expenses.
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