Answer to Question #80319 in Finance for Hugh Heron

Question #80319
information from Hunter Valley Access Undertaking (2016 HVAU), ARTC http://www.artc.com.au/library/ARTC%202016%20HVAU%20-%20Stakeholder%20Consultation%20Document%20-%20March%202015.pdf

should include:
cost centers
process of allocating of electricity cost

Main cost aspect involved: jobs, department, units, products etc)
identify the method to allocate the cost to the department
1
Expert's answer
2018-08-31T15:08:09-0400
Various cost allocation methods are used to allocate factory overhead costs to units of production. Allocations are performed in order to create financial statements that are in compliance with the applicable accounting framework.
These methods are: direct labor, square footage, sales, profits etc.
Source:
https://www.accountingtools.com/articles/cost-allocation-methods.html

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS