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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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