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What is the best cost allocation system?

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تم إضافة السؤال من قبل Tamer Mahmoud Bedir Ahmed , Senior Accountant , Cigalah Trading Group
تاريخ النشر: 2015/02/24
Miguel Villarrubia
من قبل Miguel Villarrubia , Financial manager , Fumata Blanca Distribuciones SL

The best cost allocation system depends of the production process of the company.The cost allocations system should reflect all the singularities of the production process.

ALI SYED
من قبل ALI SYED , MANAGER PRODUCT COSTING , TOTAL PARCO PAKISTAN LTD

Activity Based Costing is the best cost allocation system now adays

Mostafa Mahmoud
من قبل Mostafa Mahmoud

activity based costing because in this system costs is allocated according to value added to the product

AFTAB AHMED MUHAMMAD SAGHIRUDDIN
من قبل AFTAB AHMED MUHAMMAD SAGHIRUDDIN , Assistant Manager Internal Audit , Dawn Group of Companies (PVT) Ltd.

Activity based cost allocation method

Renwick Miranda
من قبل Renwick Miranda , General Accountant , Halliburton Worldwide Limited

Step down method of allocation

CA Hussain Yusufali Bootwala
من قبل CA Hussain Yusufali Bootwala , FINANCE MANAGER , JEEPERS AUTO MECHANICAL

Marginal and absorption costing approach

Muhammad Asif
من قبل Muhammad Asif , Accountant , Prestige Plastics LLC

The best way or core components of a cost allocation system consist of a way to track which organizations provides a product and/or service.

Mobeen Tahir
من قبل Mobeen Tahir , Credit Officer , Tawuniya Insurance

Reciprocal method is the best method for cost allocation.

syed mohammed tahir refai
من قبل syed mohammed tahir refai , MANAGER ACCOUNTS AND TAX , A. M. LALIWALA & CO. (CHARTERED ACCOUNTANTS)

FIFO ( First in first out ) is the best but now a days the average cost method is populated mostly.

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