We Define Cost Allocation As

question 23

Multiple Choice

We define cost allocation as:

• A)the process of tracking both direct and indirect costs associated with a cost object.
• B)the process of determining the actual cost of the cost object.
• C)the assignment of indirect costs to the chosen cost object.
• D)a function of cost tracing.
• E)not a function of cost assignment.

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Definitions:

Monthly Basis

A term referring to events or calculations repeated or measured every month.

Round Answers

The process of adjusting the decimal places of a number to simplify it, based on specific rounding rules.

Simple Interest

Interest calculated on the principal portion of a loan or deposit, using a simple calculation that does not compound.

Monthly Basis

An occurrence or calculation that happens every month.