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Step down method and reciprocal method?
Both step-down method and reciprocal method belongs to the allocation metods which can be used to allocate support department costs to opertating department. (Now, I wanna tell you the three allocation methods are direct method, step-down method and reciprocal method.) First of all, the step-down method allocates some (but not all) support department costs to other support departments. Secondly, the first support department's costs are allocated to all operating and support departments that use its services. Then, each subsequent support department's costs are allocated to all operating and support departments that use its services, except any support department whose costs were already allocated. What's more, allocation order must be determined. For reciprocal method, first and foremost, the reciprocal method allocates all support department costs to other support departments. Secondly, the first step is to compute the total costs of each support department when its usage of other support department services is taken into consideration. In addition, support department costs are then allocated to all other operating and support departments that consume its services. I hope my answer can help your work. If I have some grammar mistakes, please point out, coz I am a Chinese adolescent. Thank you very much.
What is a blanket overhead absorption rate?
Blanket overhead absorption rate is the rate used to allocate total overhead costs to number of produce units in traditional accounting system
What is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
How is overhead assienged to products?
In managerial accounting, a cost added on to the direct costs of production in order to more accurately assess the profitability of each product. Overhead costs are all costs that are not directly related to the production of the good to be sold. These include administrative salaries, the costs of the building or machinery, commissions to salespeople, and many other items. To allocate these costs, an overhead rate is applied that spreads the overhead costs around depending on how much resources a product or activity used. For example, overhead costs may be applied at a set rate based on the number of machine hours required for the product. In more complicated cases, a combination of several cost drivers may be used to approximate overhead costs.
Is depreciation expense used to allocate historical cost over the life of an asset?
Yes, depreciation account is used to allocate the cost of asset over the life of asset to income statement of the fiscal year where asset utilized to earn revenue.
Step down method and reciprocal method?
Both step-down method and reciprocal method belongs to the allocation metods which can be used to allocate support department costs to opertating department. (Now, I wanna tell you the three allocation methods are direct method, step-down method and reciprocal method.) First of all, the step-down method allocates some (but not all) support department costs to other support departments. Secondly, the first support department's costs are allocated to all operating and support departments that use its services. Then, each subsequent support department's costs are allocated to all operating and support departments that use its services, except any support department whose costs were already allocated. What's more, allocation order must be determined. For reciprocal method, first and foremost, the reciprocal method allocates all support department costs to other support departments. Secondly, the first step is to compute the total costs of each support department when its usage of other support department services is taken into consideration. In addition, support department costs are then allocated to all other operating and support departments that consume its services. I hope my answer can help your work. If I have some grammar mistakes, please point out, coz I am a Chinese adolescent. Thank you very much.
What is a job-card?
a record card relating to a job and giving details of the time taken to do a piece of work and the materials used. This is used to allocate direct labour and materials costs.
What is a blanket overhead absorption rate?
Blanket overhead absorption rate is the rate used to allocate total overhead costs to number of produce units in traditional accounting system
What does Activity types mean SAP?
Activity types are required for internal activity allocation and serve as tracing factors for costs and can be used to measure the internal activities, to enter them manually, automatically, or indirectly based on final costs, and to allocate them. sandhya
What is an argument used by protesters to support their stance?
Economic costs are too high.
What were specific methods used by the American government to garner support for the war eforrts in ww1?
The American government used propaganda to garner support for the war efforts in WW1. They used pictures (such as posters) and the press specifically.
What is the value of relocation register?
what is resource allocate register why it is used
What does Allocate Software offer for its users?
Allocate software is used to manage, control, and anticipate the needs of a large workforce, from military and defence, to a entire healthcare system.
What is used to provide separate accounting and reporting for costs incured during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
Is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
What is used to provide separate accounting and reporting for costs incurred during an emergency or in support of a special program to obtain reimbursement for costs incurred?
emergency and special program (ESP) code
How is overhead assienged to products?
In managerial accounting, a cost added on to the direct costs of production in order to more accurately assess the profitability of each product. Overhead costs are all costs that are not directly related to the production of the good to be sold. These include administrative salaries, the costs of the building or machinery, commissions to salespeople, and many other items. To allocate these costs, an overhead rate is applied that spreads the overhead costs around depending on how much resources a product or activity used. For example, overhead costs may be applied at a set rate based on the number of machine hours required for the product. In more complicated cases, a combination of several cost drivers may be used to approximate overhead costs.
