answersLogoWhite

0

How do traditional cost assignment systems assign direct costs?

Updated: 8/19/2019
User Avatar

EncofBizandFinance

Lvl 1
13y ago

Best Answer

Traditional cost assignment systems typically would assign directly to the cost objects the costs of those resource consumptions that can be economically traced directly to units of output requiring the resources.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do traditional cost assignment systems assign direct costs?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is assignment an adverb?

No. It is not an adverb. Assignment is a noun form of the verb assign and there is no direct adverb form.


Which type of responsibility relates to a formal assignment of property responsibility to soldiers?

Types of responsibility to a formal assignment responsibility to soldiers are supervisory, direct and custodial responsibility. Also there is direct responsibility.


What factors contributed to the emergence of activity based costing in the 1980s?

The Traditional costing system used to allocate/assign overhead costs to products by using only volume based cost drivers. In fact, these traditional systems were designed decades ago when most companies manufactured a narrow range of products, and direct labour and materials were the dominant factory costs. Overheads costs were relatively small and the distortions arising from inappropriate overhead allocations were not significant. Danish Ayub


What type of responsibility results from the assignment as an army accountable officer?

Direct Responsability


Means that a TODO assigned you to a specific library and you can only view the TOs?

Direct Assignment


Difference between Cost Allocation and cost apportionment?

Apportion means to assign cost based on a predetermined formula. For example, we would apportion a cost pool if the assignment of the cost was based on fixed amounts (e.g.,10 percent to cost objective one and ninety percent to cost objective two) or a three factor formula (e.g., a weighted average of sales, payroll, and asset value). In both cases the assignment of the cost is based on some predetermined method. Allocation means to assign cost on a rate or factor bases that attempts to assign cost using an allocation base that best measures a causal or beneficial relationship between the cost pool and the final cost objective.(e.g., direct labor hours, machine hours, etc.),


How long does it take for Assurity Insurance company to confirm assignment of policy of assignment process?

Usually the assignment process should be completed within 15 days. Talk to your agent or call Assurity direct at Toll free: (800) 869-0355


Large companies usually assign responsibility for purchasing direct and indirect materials to the same department true or false?

FALSE


What is Direct Addressing in computer systems architecture?

Direct Addressing in computer systems architecture is when the number in the address field of the instruction is the actual memory address to be accessed.


Which personnel must sign off in the approval chain for a direct federal assistance mission assignment?

Operations Section Chief


What is a black oven?

A black oven is a traditional direct-fired masonry oven.


Which type of responsibility relates to a formal assignment of property responsibility to soldiers within the supply chain that have the property within ther custody but not necessaritly for their use?

Custodial responsibility relates to a formal assignment of responsibility of products to soldiers for which they have custody but not necessarily their use.