Allotment of the entire costs to a cost centre or unit is known as —

CS Executive · Cost and Management Accounting · PYQS · December 2015
Allotment of the entire costs to a cost centre or unit is known as —
(A) Cost apportionment
(B) Cost allocation
(C) Cost absorption
(D) Machine hour rate.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Accounting

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