Cost assignment is one of the key processes of the cost accounting system.

Name: Cost assignment is one of the key processes of the cost accounting system.
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Cost assignment refers to the process of allocating and attributing the costs to cost objects or cost centers. It is a crucial step in cost accounting as it helps in determining the actual cost of a product or service, which in turn helps in making informed decisions about pricing, profit margins, and cost control measures.

Cost Assignment Is One of the Key Processes of the Cost