The process of first allocating costs to intermediate cost pools and then to the individual cost objects using different allocation bases is:
A)continuous flow process.
B)cost management system.
C)two-stage allocation system.
D)operations cost.

Question

Quizplus · Accepted Answer

The process described is a two-stage allocation system, where costs are allocated first to intermediate cost pools and then to individual cost objects using different allocation bases. This is a common method used in cost accounting to allocate costs accurately and fairly. The other answer choices are not applicable to the described process.

The Process of First Allocating Costs to Intermediate Cost Pools