Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “cost allocation”

cost allocation

noun [U]
 
 
(also cost apportionment)
ACCOUNTING the process of calculating the various costs of making a product, providing a service, etc. and which department within a company or organization should pay each of these costs: The plan proposed new cost allocation guidelines for dividing the costs between the various cost centres.
(Definition of cost allocation from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cost allocation?
Add Cambridge dictionaries to your browser to your website

Word of the Day

sling

to throw or drop something carelessly

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More