The concepts of cost allocation that are used in manufacturing can also apply in:
A) service and not-for-profit industries.
B) service industries only.
C) not-for-profit industries only.
D) limited instances outside of manufacturing.

Question

Quizplus · Accepted Answer

Cost allocation concepts are applicable in both service and not-for-profit industries to assign costs to different departments, projects, or services for better financial management and accountability.

The Concepts of Cost Allocation That Are Used in Manufacturing