Cost pools are:
A) costs that are accumulated before being allocated to cost objects on some common basis.
B) costs that are relevant to decision-making but irrelevant to financial reporting.
C) product costs that are assigned to cost objects using direct labor or machine hours.
D) accounts in the product life cycle from research and development to customer service.

Question

Quizplus · Accepted Answer

Cost pools are groups of individual costs that are accumulated before being allocated to cost objects, such as products or departments, based on a common allocation base.

Cost Pools Are