Cost allocation is significantly more straightforward when allocation involves direct rather than indirect costs. The object of cost allocation is to assign costs to one or more specific cost objects ...

Cost allocations using the direct labor method of accounting work the best when a business produces only one or two types of products. Using this traditional method of determining a company's labor ...

The High Court's recent decision in Steven Ellis & Ors v John Benson Limited has provided important guidance on costs allocation following preliminary issue determinations in complex commercial ...