cost allocation

US /kɔst ˌæləˈkeɪʃən/
UK /kɔst ˌæləˈkeɪʃən/
"cost allocation" picture
1.

the process of identifying and assigning costs to specific cost objects, such as products, services, departments, or projects

:
Effective cost allocation is crucial for accurate financial reporting.
The company implemented a new system for cost allocation across departments.