Cost assignment is
A)always arbitrary.
B)linking actual costs to cost objects.
C)the same as cost accumulation.
D)finding the difference between budgeted and actual costs.
E)the same as cost conversion.

Question

Quizplus · Accepted Answer

Cost assignment involves linking actual costs incurred to specific cost objects. This allows for accurate costing of products, services, or other cost objects. It is not always arbitrary and is different from cost accumulation, cost conversion, and finding the difference between budgeted and actual costs.

Cost Assignment Is