Definition of Cost allocation:
Assignment of indirect costs to a cost object (a job or task) without arbitrary apportionment. Costs can be allocated where the amount to be assigned can be determined accurately. See also cost apportionment.
How to use Cost allocation in a sentence?
- We knew we had to keep cost allocation in mind because we would be implementing it in the near future.
- You should try and figure out the right way to break down your cost allocation and see if there is a way to improve it.
- Our boss had set aside a substantial amount of money for the new building downtown but their were unforeseen problems and now he must revisit the Cost Allocation document and redo his figures.
Meaning of Cost allocation & Cost allocation Definition