Process of assigning indirect costs to any specific cost object is known as

A. economic cost

B. cost tracing

C. cost allocation

D. non-economic costs

Answer: Option C

Solution(By Examveda Team)

Process of assigning indirect costs to any specific cost object is known as cost allocation. Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs.