The general term used to identify the tracing and allocation of accumulated costs to a cost object is:
A)cost accumulation.
B)cost assignment.
C)cost tracing.
D)conversion costing.
E)convertible costing.

Question

Quizplus · Accepted Answer

Cost assignment is the general term used to identify the tracing and allocation of accumulated costs to a cost object. Cost accumulation refers to the collection of cost data, cost tracing specifically refers to identifying the direct and indirect costs associated with a cost object, and conversion costing and convertible costing are not commonly used terms in accounting or cost management.

The General Term Used to Identify the Tracing and Allocation