Cost assignment
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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.
