Question

Difference between cost allocation , cost apportionmentand cist absorption

Answer 1

Explanation:

Cost apportionment means the allotment of proportions of items of cost of cost centers or cost units. Cost Absorption: Cost absorption means allotment of overhead expenses to cost units. Overhead absorption is usually achieved by the use of one or a combination of overhead recovery rates.

Answer 2

Explanation:

Cost apportionment means the allotment of proportions of items of cost of cost centers or cost units. Cost Absorption: Cost absorption means allotment of overhead expenses to cost units. Overhead absorption is usually achieved by the use of one or a combination of overhead recovery rates.