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 ...

Entrepreneurs and business managers rely on actionable information before making allocation decisions. Cost accounting buoys decision-making because it can be tailored to the specific needs of the ...

Under cost accounting, there is always an allocation base that links the overhead costs to the cost object. Since it is arduous to apply overhead costs to each cost object, such as a shoe ...

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 ...