_____ is the process of reassigning cost to a cost object.
A)Cost accumulation
B)Cost accounting
C)Cost allocation
D)Cost application

Question

Quizplus · Accepted Answer

Cost allocation is the process of reassigning costs to a specific cost object, such as a particular product or department. Cost accumulation involves collecting all costs related to a specific activity or department, while cost accounting involves recording, classifying, and reporting on costs. Cost application refers to the actual use or application of costs to a specific product or department.

_____ Is the Process of Reassigning Cost to a Cost