Compare/contrast Cost Assignment and Cost Allocation

question 45

Essay

Compare/contrast cost assignment and cost allocation. Be sure to include direct assignment (tracing) and driver tracing in your discussion.

---

Definitions:

Pepsi-Cola Syrup

A concentrated formula used to make Pepsi-Cola beverage, often mixed with carbonated water.

Usurped

The act of taking someone's power or property by force or without legal right.

Backdated Options

Stock options granted with an issue date in the past, often used to provide immediate gains for the option holder, but viewed critically for ethical and legal reasons.

SEC Reporting

Refers to the process of filing financial, operational, and other information required by the Securities and Exchange Commission, which oversees the securities industry in the United States.