Is the term used to identify both the tracing of accumulated costs & the allocation of these costs to a cost object. a) costing materials. b) cost assignment. c) direct cost tracing. d) supervisory tracing.

Cost assignment

Explanation:

The cost assignment is the allocation of costs in every activity that impact the general costs through the cost drivers. For example, the lease of the building where a company has its headquarters which are the offices, the production zone... We have to assign their costs according its sections.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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