Q115
Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.
A.
allocation
AnswerB.
allotment
C.
primary distribution
D.
secondary distribution
Answer: Option A
Solution
Answer: Option A
Solution:
Allotment of overhead incurred for a particular cost centre to that specific cost centre is allocation. Allocation and apportionment are accounting methods for attributing cost to certain cost objects for budgeting, planning, and financial reporting.