Cost Accounting – Chapter 7

question

An alternative concept of fairness in cost allocation, absent the cause-and-effect basis
answer

Ability-to-bear
question

Cost allocation provides a service firm a basis for evaluating this
answer

Cost profitability of its serives
question

Dual allocation is a cost allocation approach that separates direct and indirect costs, tracing the direct costs directly to the cost object that..
answer

Caused the cost
question

Revenue methods of by-product cost allocation are justified on financial accounting concepts of..
answer

revenue realization and materiality
question

A key distinctive effect of departmental cost allocation can occur when…
answer

the allocation base is actual usage

Get instant access to
all materials

Become a Member