Cost Allocation Is ________

question 10

Multiple Choice

Cost allocation is ________.

• A) the process of tracking both direct and indirect costs associated with a cost object
• B) the process of determining the opportunity cost of a cost object chosen
• C) the assignment of indirect costs to the chosen cost object
• D) made based on material acquisition document

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Definitions:

Inclusive Sense

Refers to an understanding or interpretation that aims to encompass or include all relevant aspects or elements.

Disjunction

A compound proposition containing two or more component propositions (the disjuncts) and asserting that at least one of them is true.

Disjuncts

Components of a logical disjunction, or an "or" statement, where either one or the other (or both) of the elements is true.

Assert Propositions

The act of confidently stating or affirming a propositional statement as true or valid in a discourse or argument.