Cost assignment is a general term for assigning costs, whether direct or indirect, to a cost object.

Name: Cost assignment is a general term for assigning costs, whether direct or indirect, to a cost object.
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Question

Quizplus · Accepted Answer

Cost assignment involves allocating both direct costs, which can be traced directly to a cost object, and indirect costs, which cannot be directly traced and are allocated based on a predetermined overhead rate or basis, to a specific cost object (such as a product, department, or project).

Cost Assignment Is a General Term for Assigning Costs, Whether