cost allocation Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “cost allocation” in the English Dictionary

"cost allocation" in Business English

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cost allocationnoun [U]

uk   us   (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 ​planproposed new ​costallocation guidelines for ​dividing the ​costs between the various ​costcentres.
(Definition of cost allocation from the Cambridge Business English Dictionary © Cambridge University Press)
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