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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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