Simply stated, cost allocation is the process of assigning charges to accounts ... the cost must be allocated to the projects based on the proportional benefit. If a cost benefits two or more projects ...

Under cost accounting, there is always an allocation base that links the overhead costs to the cost object. Since it is arduous to apply overhead costs to each cost object, such as a shoe ...

Cost allocation decisions are subject to verification through ... the cost should be allocated to the projects based on the proportional benefit. If a cost benefits two or more projects or activities ...