Vidyalelo
Commerce · Q643

Costing

Graduate and Post Graduate · Commerce · question 643

Q643

Process of assigning direct or indirect cost to any cost object is known as

A.
cost assignment
Answer
B.
cost expectation
C.
event assignment
D.
probability assignment

Answer: Option A

Solution

Answer: Option A
Solution:
Process of assigning direct or indirect cost to any cost object is known as cost assignment. Cost assignment is the allocation of costs to the activities or objects that triggered the incurrence of the costs.