Q664
Procedure of assigning direct cost to any cost abject is classified as
A.
sales allocation
B.
cost tracing
C.
cost allocation
AnswerD.
sales tracing
Answer: Option C
Solution
Answer: Option C
Solution:
Procedure of assigning direct cost to any cost abject is classified as cost allocation. Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs.