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    Business
  3. Study Set
    Management Accounting for Business
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    Exam 7: Cost Assignment
  5. Question
    Compare/contrast Cost Assignment and Cost Allocation
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Compare/contrast Cost Assignment and Cost Allocation

Question 45

Question 45

Essay

Compare/contrast cost assignment and cost allocation. Be sure to include direct assignment (tracing) and driver tracing in your discussion.

Correct Answer:

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Cost assignment refers to tracing costs ...

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