Discover what applied cost means in accounting, how it works with allocation rates, and see an example to understand its role ...

Cost allocation serves several purposes. Also referred to as cost apportionment, this practice of identifying the source of an expense and assigning the cost accordingly is an important factor in ...

Cost accounting systems identify and measure cost objects, which include anything to which costs are assigned. Tracing costs accurately helps firms to ensure they are making wise choices. In other ...