Homogeneous cost pool
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Homogeneous cost pool is cost pool in which all the costs have the same or a similar cause-and-effect or benefits-received relationship with the cost-allocation base.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Homogeneous cost pool. Cost pool in which all the costs have the same or a similar cause-and-effect or benefits-received relationship with the cost-allocation base.
