Cost assignment includes cost allocation for indirect costs and direct costs.

Name: Cost assignment includes cost allocation for indirect costs and direct costs.
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Question

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Cost assignment involves assigning or attributing costs to cost objects such as products, services, or departments. It includes both indirect costs and direct costs. Direct costs are assigned directly to the cost object, while indirect costs need to be allocated using a suitable cost driver or allocation base.

Cost Assignment Includes Cost Allocation for Indirect Costs and Direct