- cost allocation
- cost allocation cost allocation ➔ allocation
* * *cost allocation UK US 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.
Financial and business terms. 2012.