Trending Cost Allocation Discussions

How do you define the cost allocation system? ‎

How do you treat incorporation / start up expenses?‎

Would you say idle time is a direct or indirect cost?‎

Training cost shd go to training dept or who had training? If to training, then to re allocate whilst direct allocation to user dept make it accurate.‎

Purpose of cost allocation?‎

 

Answer added by  Shameer Nazir Madari, Assistant Finance Manager, METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
8 years ago

Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you  want to separately m ... See More

 

Answer added by  Nadjib RABAHI, Freelancer, My own account
8 years ago

The cost allocation system is the process by which we assign indirect costs to cost objects. The concept of cost object is a useful concept to identify and track costs. A ... See More

 

Answer added by  ishmel Ibrahim, Senior lecturer, Nuhu Bamalli Polytechnic Zaria
8 years ago

Cost allocation can be seen as the process of identifying and assigning common costs to several cost objects within the organization. Example, allocating electricity cost ... See More

 

Answer added by  SHAHZAD Yaqoob, SENIOR ACCOUNTANT, ABDULLAH H AL SHUWAYER
8 years ago

Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you  want to separately m ... See More

 

Answer added by  Anmol Srivastava, Project Engineer, Dar al Handasah
8 years ago

Thank you Mr. Nadjib Rabahi for your kind invitation. Following is my comment. Cost allocation is an exercise with an aim to provide Project estimates with regards to the ... See More