What are cost objects, cost pools and allocation bases? What role do they play in cost allocation?

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What are cost objects, cost pools and allocation bases? What role do they play in cost allocation? What is the difference between cost allocation bases and cost drivers?

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Management Accounting

ISBN: 9781760421144

7th Edition

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

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Question Posted: Nov 01, 2017 05:45 AM

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What are cost objects, cost pools and allocation bases? What role do they play in cost allocation?

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Cost object is something that is assigned a separate measure of cost because management need such co...View the full answer

Management Accounting

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