Cost assignment

Cost assignment is general term that encompasses both (1) tracing accumulated costs that have a direct relationship to a cost object and (2) allocating accumulated costs that have an indirect relationship to a cost object.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Cost assignment. General term that encompasses both (1) tracing accumulated costs that have a direct relationship to a cost object and (2) allocating accumulated costs that have an indirect relationship to a cost object.