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What is the Formula for cost allocation rate?
allocation rate=cost pool amount/ cost driver volume
What two cost elements are required to calculate an indirect cost rate?
Indirect cost rate is equal to Indirect Cost Pool divided by Indirect Cost Allocation Base.
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.),
What two costs elements are required to calculate an indirect cost rate?
Indirect cost rate is equal to Indirect Cost Pool divided by Indirect Cost Allocation Base.
How does Activity-Based Costing work?
Activity-based costing (ABC) systems for applying overhead is a two-stage procedure.The first step begins with identifying significant activities in the production of the products (that is grouping similar activities into an activity pool) and assigning a cost to that pool according to the amount of resources consumed by the activity pools.In the second step:A cost driver (an event that results in the incurrence of cost) is identified and quantified ($$$) for eachactivity pool.A pool rate is computed for each activity by dividing the cost of each activity pool by the respective cost driver quantity.The activity cost for each product line is determined by multiplying the pool rate by the cost driver quantity incurred by each product line.Finally, to arrive at the activity cost per unit of product the activity cost for each product line is divided by each product line's production volume.The advantage of this system of applying cost is that it fairly and reflectively distributes cost among products because of the incorporation of multi cost drivers. At each step of the production (activity pools), there is a cost driver that has a rate that reflects the cost of producing with that activity. Thus by the end of the production, the costs assign are reflective of the process and costs.Hope that answers your question :)
What are the disadvantages of owning a pool?
Cost of maintenance (chemicals, cleaning, repairs) Cost of operation (electricity for the pump) Safety Hazard (drowning) Reduction of property value.
How much does it cost to recoat a pool?
cost to recoat a ,pool 20 by 40
What is cost pool?
It is a pool where cost data are relating to particulat activity is accumulated...it is similar to the concept of cost centre.
What is cost driver and cost pool?
Cost driver is the basic activity which increases the or utilize the cost while cost pool is that in which all costs are jointly shown for example machine setup cost is cost driver while over all overheads is cost pool.
A 250000 house adding a 50000 pool Would my house value then be 300000?
No, it doesn't work that way. A pool certainly adds value, but there are no improvements that can be made to a home that are 100% added to the value of the home. I've heard that a kitchen remodel can add about 60% of the cost to the value. My guess is that you would be lucky to add 50% of the cost of the pool to the overall value of the property. Two other things to remember: Some people don't like pools and in their eyes it would decrease the value of the property. You don't want your property to go up by $50k, because your property taxes will go up as well!
How much does a stainless steel competition pool cost?
How much does a stinless swimming pool cost
What is the average cost of a gunite pool in Texas?
The average cost of a gunite pool is $75,000. The price for the installation of this type of pool can range from $50,000 to $100,000.
What is the cost of installing an inground pool in Martha's vineyard?
The cost of installing an in-ground pool in Martha's Vineyard is around $50,000. The actual cost varies based on the size and type of pool installed.
What does a pool cost?
$18.990
Can you file a lawsuit against a pool installation company?
yes but it might cost more than the pool cost..
To buy a pool does it cost about 50000 total?
The average vinyl lined ingound pool is 18' x 36'. The cost of this pool averages $25,000 in the Southern US.
How much would it cost for a school pool?
It would cost approx. between 100,000- 500,000 . depending on the size of the pool.
