The correct answer is: B. Cost Apportionment
Cost apportionment is the process of allocating indirect costs to cost objects. Indirect costs are costs that cannot be easily traced to a specific cost object. They are often allocated based on a predetermined allocation base, such as machine hours or direct labor hours.
Cost allocation is the process of assigning costs to cost objects. Cost objects can be products, services, departments, or activities. Costs can be allocated based on a variety of methods, such as direct tracing, step-down allocation, and activity-based costing.
Cost absorption is the process of assigning all costs, both direct and indirect, to cost objects. This is done in order to determine the full cost of a product or service.
Cost classification is the process of grouping costs into different categories. This can be done based on the nature of the cost, the function of the cost, or the behavior of the cost.
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