The process of dividing a total cost into parts and assigning it to cost objects is known as: Multiple Choice cost tracing. cost division. cost allocation. None of the answers are correct. Selection of a cost driver depends on: Multiple Choice The availability of information for both the cost and the potential cost driver. A cause-and-effect relationship between the cost driver and the cost. Judgment of management. All of the answers are correct. In the early days of the industrial revolution, indirect manufacturing costs: Multiple Choice were highly correlated with the use of labor. were relatively large compared to the direct costs of producing a product. were largely fixed. were a significant cost of producing most products