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

look on the bright side

to find good things in a bad situation

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More