answersLogoWhite

0

The following are the differences between allocation and apportionment.

1. Allocation costs are directly allocated to cost centre. Overhead which cannot be directly

allocated are apportioned on some suitable basis.

2. Allocation allots whole amount of cost to cost centre or cost unit where as apportionment

allots part of cost to cost centre or cost unit.

3. No basis required for allocation. Apportionment is made on the basis of area, assets

value, number of workers etc.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Accounting

If actual overhead for the year is 33451 and applied overhead is 32000 is the overhead variance over applied or under applied assuming the amount is immaterial how would you dispose of the variance?

Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.


The difference between variable factory overhead incurred and total standard variable factory overhead based on the actual quantity of the cost driver for applying the overhead is the?

cheatFAIL


What is the Difference between prime cost and overhead cost?

Prime cost is the cost of materials and labor involved in production of a commodity, excluding fixed costs. Overhead cost is the cost of on-going expenses, such as rent, utilities, and insurance. Overhead costs are one of the major factors in determining how a company charges for its service or product.


What is the difference between overhead and GA?

The difference between Overhead & G&A is as follows: Overhead is always a fixed cost...such as rent. G&A (Stands for General and Administrative) so therefore all general and administrative costs go here....such a supervisor salary. G&A can have cost controls implemented into them...the fixed costs are set (usually in stone). http://www.xsellence.com


What is the Difference between actual overhead costs and overhead costs applied?

The Actual overhead is calculated throughout the Production cycle for indirect cost associated to the production and the overhead costs applied is based on the fixed rate assigned against the machine or labour hours to be calculated for the difference b/w two are called under or over applied.

Related Questions

Explain the difference between the overhead apportionment and overhead absorption?

If the cost can be tracked towards a cost object, then it is called overhead absorption. If the cost can not be tracked with respect to a specific cost center or cost object, then the entire cost is distributed to all the cost centers, based on the usage ratio. This is called Overhead apportionment. UdhayAnand AVB


Difference between contiguous and non contiguous memory allocation?

In a contiguous memory allocation there is no overhead during execution of a program. In a non contiguous memory allocation address translation is performed during execution.


What is the difference between contiguous and non contiguous memory allocation?

in contiguous allocation overhead during execution of a program.in non contiguous allocation address translation is performed during execution of a program..


What is the difference between allocation and search data structure?

difference between serch data structure and allocation data structure


What is difference between fixed overhead and variable overhead?

The difference between fixed overhead and variable overhead is that fixed overheads are the ones that do not change regardless and variable overheads are the ones that vary depending on the number of units that it produces. An example of fixed overhead is a managers salary.


Difference between flyover and overhead bridge?

Boxgirder bridge


What is difference between resource allocation graph and resource allocation graph algorithm?

The graph is the the actual picture that shows the resource allocation; the algorithm is the method used to produce that graph.


What is difference between overhead valve engine and overhead cam engine?

Mainly, the difference is that in an overhead cam engine, the camshaft is mounted on the head of the engine, and the valves are still overhead, in an overhead valve engine (sometimes called a "pushrod motor"), the camshaft is in the crankcase.


What is the difference between realignment and re-allocation?

Realignment means to real in a alignment from The Great Lakes. Re-allocation means to poop yourself.


If actual overhead for the year is 33451 and applied overhead is 32000 is the overhead variance over applied or under applied assuming the amount is immaterial how would you dispose of the variance?

Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.


Difference between contiguous and non contiguous memory?

In contiguous allocation there is no overhead during execution of a program. In noncontiguous allocation address translation is performed during execution Contiguous memory allocates single area of memory Noncontigious memory allocates several memory areas - one memory are to each component of a process


What is the difference between contiguous and noncontiguous text?

Dfference between contiguous and noncontiguous1) In contiguous allocation there is no overhead during execution of a program.1)In noncontiguous allocation address translation is performed during execution2)Contiguous memory allocates single area of memory2)Noncontigious memory allocates several memory areas - one memory are to each component of a process