Describe four purposes of cost allocation.
Question:
Describe four purposes of cost allocation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Allocating costs is key to a companys profitability Cost allocations help manage man...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
In February 2015, Majdy I. was appointed as a Chief Executive Manager of the Manufacturing Company by Mamoun N., President. Majdy had wide executive experience in the manufacturing sector with high...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
What are the four purposes of cost allocation? Why should budgeted cost rates, rather than actual cost rates, be used for allocating the variable costs of service departments?
-
For a certain company, the cost function for producing x items is C(x)=30x+100 and the revenue function for selling x items is R(x)=0.5(x70)^2+2,450 . The maximum capacity of the company is 100...
-
How do large financial institutions solve the problem of high information collection costs for lenders, borrowers, and financial markets?
-
Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 Units Acquired at Cost @ $10 Activities Beginning inventory Sales Purchase...
-
Residential Demand for Electricity. Belotti, Hughes and Piano Mortari (2017) estimated residential demand for electricity covering the 48 states in the continental United States plus the district of...
-
Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers. Ken's...
-
Identify and describe two network management and security process controls that can be put in place to ensure network security. a.Describe network management (system) including i.Network Management...
-
Thomas was raised with an understanding of the fundamental differences between right and wrong. As an adult, he wasn't making enough money to purchase a new car as quickly as he liked. He found out...
-
What is a target cost per unit?
-
Assume the same information for Turcotte as in Problem 11-36. Working brake pads yield a profit of $25. If defective brake pads are identified before they are shipped, they can be fixed and sold as...
-
Define the region of operation for the JFET of Fig. 6.54 if V DSmax = 30 V and P Dmax = 100 mW. Fig. 6.54 D (mA) VGs=0 V 10 7 F-2 V 3 -3 V- -4 V 5 V A9- 5 10 15 20 25 Vps (V)
-
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd...
-
A team of engineering students designs a medium-size catapult which launches 8-lb steel spheres. The launch speed is v = 80 ft/sec, the launch angle is 0 = 35 above the horizontal, and the launch...
-
Pure monopolies do not achieve allocative efficiency meaning that they do not produce the amount of output that maximizes the sum of and surplus.
-
What are some key challenges in economic development that developing countries facing in the midst of Covid 19 pandemic? How can these challenges be addressed? What are the constraints to address...
-
At May 31, 2022, the accounts of Wildhorse Company show the following. 1. May 1 inventories-finished goods $16,330, work in process $19,010, and raw materials $10,560. 2. May 31 inventories-finished...
-
Draw the structure of the O-type oligosaccharide (the H antigen, described in Table 8-1).
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
Southwick Company uses normal costing in its job- costing system. Partially completed T- accounts and additional information for Southwick for 2012 are as follows: Required Additional information...
-
Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments administrative services (AS) and information systems (IS) and two...
-
The Arrow Company has two products. Product 1 is manufactured entirely in department X. Product 2 is manufactured entirely in department Y. To produce these two products, the Arrow Company has two...
-
"Productivity" is HUGELY important to an improved standard of living in a nation, for a business and for an individual. In general, how do human capital, capital (physical), and specialization...
-
Give an example of a short essay on free trade and the free trade movement that covers the following ideas: a. Starting with the state of world trade during the Great Depression, give an overview of...
-
Suppose instead that You wants to keep the lines as short as possible by maximizing production. How many workers should you employ during the lunch hour? Point The Value of the Marginal Product of...
Study smarter with the SolutionInn App