Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs

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Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs that we know are direct.” Do you agree? Why?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 25, 2012 07:55 AM

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Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs

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Although there may be no one correct way to allocate cost ...View the full answer

Fundamentals of Cost Accounting

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