The key regulatory language and interpretations to illustrate cost allocation are provided below. The cost accounting standards state that: “Allocate means to assign an item of cost, or a group of ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Cost accounting examines how a ...

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The Managerial Accounting Services (Office of the Comptroller) is responsible for providing detailed technical advice regarding costing issues including allowability of cost, cost allocation, indirect ...