Transferring costs from indirect cost pools to cost objects is called
A)cost allocation.
B)cost control.
C)cost pool.
D)cost factoring.
E)cost processing.

Question

Quizplus · Accepted Answer

Transferring costs from indirect cost pools to cost objects is known as cost allocation. Cost control is the process of managing and reducing costs, cost pool is the grouping of costs for allocation, cost factoring is not a relevant term in accounting, and cost processing is a vague term that does not specifically relate to the allocation of costs.

Transferring Costs from Indirect Cost Pools to Cost Objects Is