Cost allocations are not revenue. However, the manner in which cost is allocated can change, depending on the revenue a department generates. Cost allocations are lump-sum figures applied as a cost to ...

Activity-based costing (ABC) is an accounting method that allows businesses to gather data about their operating costs. Costs are assigned to specific activities—planning, engineering, or ...

Analyzing costs can help companies make strategic, financially sound decisions. Activity-based costing and absorption costing are two popular accounting methods that companies employ when evaluating ...

The economy is always a hot topic, whether it’s a boom or a bust. While it moves in cycles, there are ways to help your company thrive amid the fluctuation. One of those, Justin Springer said, is an ...

Federal regulations require that similar costs be treated consistently as either direct costs or indirect costs, in like circumstances. This regulation imposes a requirement on the University to ...

External financial reporting standards are inconsistent with the essential principle for costing for internal decision support: The reflection of cause and effect relationships. The signs that your ...