Meaning of the word "cost allocation" in English
What does "cost allocation" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost allocation
US /kɔst ˌæləˈkeɪʃən/
UK /kɔst ˌæləˈkeɪʃən/
Noun
1.
the process of identifying and assigning costs to specific cost objects, such as products, services, departments, or projects
Example:
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Effective cost allocation is crucial for accurate financial reporting.
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The company implemented a new system for cost allocation across departments.
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