Cost assignment ________.
A) includes future and arbitrary costs
B) encompasses allocating indirect costs to a cost object
C) is the same as cost accumulation
D) is the difference between budgeted and actual costs

Question

Quizplus · Accepted Answer

Cost assignment refers to the process of allocating indirect costs to a cost object. It involves identifying and assigning the costs that are not directly traceable to the object, such as overhead costs. The other options are incorrect.

Cost Assignment ________