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The process of first allocating costs to intermediate cost pools and then to the individual cost...

The process of first allocating costs to intermediate cost pools and then to the individual cost objects using different allocation bases is a(n):

Multiple Choice

  • continuous flow process.

  • cost management system.

  • two-stage allocation system.

  • operations cost.

Business   Accounting   
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Answer #1

The process of first allocating costs to intermediate cost pools and then to the individual cost objects using different allocation bases is Two stage allocation system.

Two-stage allocation system

In cost accounting under Two-stage allocation system firstly the overhead cost are to be assigned to the two or more intermediate cost pools after that cost from each of the intermediate cost pools are allocated/assigned using different allocation bases.In Two-stage allocation system direct labour cost and machine hours are used.

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