A ________ is a grouping of individual indirect cost items.
A) cost-allocation base
B) cost assignment
C) cost pool
D) job-costing system

Question

Quizplus · Accepted Answer

A cost pool is a grouping of individual indirect cost items that are allocated to cost objects using a cost-allocation base. This allows for more accurate allocation of indirect costs to specific products, services, or customers. A cost assignment refers to the process of assigning costs to cost objects, while a cost-allocation base is the factor used to allocate costs to cost objects. A job-costing system is a method of allocating costs to specific products or services based on the costs associated with each individual job or project.

A ________ Is a Grouping of Individual Indirect Cost Items