Explain Cost Allocation, Cost Allocation : This is a technique of assigning costs to

Explain Cost Allocation

Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the cost of power to machine actions by machine hours is an allocation since machine hours are an indirect measure of the power utilization.

View Complete Question

Related Questions in Managerial Accounting

Q : Main purpose of the business Briefly

Briefly describe the main purpose of the business?

Q : Explain Cost Assignment Cost Assignment

Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three

Q : Management accounting as an information

Explain Management accounting as an information system in brief?

Q : What do you mean by the term Mission

What do you mean by the term Mission statements? Briefly describe it.

Q : Define Process and Process Costing

Define Process and Process Costing: Process: The organized process of transforming inputs (that is, people, equipment, techniques, materials, and atmosphere), to outputs (that is, products or servi

Q : Deficiency of a partnership deed In the

In the deficiency of a partnership deed, how are mutual relations of partners managed? Answer: In the absence of Partnership deed, the mutual relations are managed b

Q : Avoidable interest The amount of

The amount of interest that an organization would have avoided if it had not made the expenditures for an asset. Avoidable interest is calculated when an entity is self- constructing an asset. The cost of the asset can include material, labor, and overhead plus some interest. The c

Q : Capital gain The increase in value that

The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor

Q : Cash flows from operating activities A

A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities

Q : Acquisition entry on Balance Sheet 1.

Discover Q & A

Leading Solution Library

Avail More Than 1419790 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1950213
Asked

3,689

Active Tutors

1419790

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment