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Advantages:
- Considers some of the interdependence of service departments
Disadvantages:
- Resulting allocations are inaccurate estimates of opportunity costs.
- Allocation less than opportunity cost for first department
- Allocation more than opportunity cost for last department
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∙ 11y ago
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What is the scientific method's last step?
The scientific method's fifth step is to draw conclusions based on the results of your experiments.
What is the next step in the method following making a prediction?
Conducting an experiment is the step in the scientific method after making a prediction.
What is the the next step in the scientific method following making a prediction?
Conducting an experiment is the step in the scientific method after making a prediction.
What is the first step for the scientifc method?
The first step is to identify the problem
What is the step by step procedure you follow when conducting an experiment called?
When conducting an experiment to show others as a demonstration, you will need to list each step you take in the process. This will show the audience the materials they need, the time involved and how each step is done.
Cost Allocation Method in health care?
One can use 4 methods of Cost Allocation in Healthcare Finance:1. Direct Method2. Step-Down Method3. Double Apportionment Method4. Reciprocal Method
Allocating costs using direct and step-down methods?
how does the direct method of cost allocation work
What are the difference methods of allocating the overheads of service cost centre?
There are three methods of service department allocation are in general use . 1- Direct method Ther direct method is the simplest the direct method allocates service department costs directly to the producing departments without regard for services rendered by service departments to each other. service department costs are allocated to production departments based on an allocation base appropriate to each esrvice department's function. 2- The step or step-down method Allocates some of costs of services rendered by service dapartments of each other. The step method derives its name from the procedure involved : the service departments are allocated in order, from the one that provides the most service to other service department down to the one that provides the least . 3- the reciprocal method Is the most complex and the most theoretically sound of the three methods. it is also known as the simultaneous solution method, cross allocation method, matrix allocation method,or double distribution method. The reciprocal method recognizes services rendered by all service departments to each other. BY AMIR KAMAL MASSOUD
What are the advantages of the Euler's modified method over Euler's method?
The advantage of the modified method is the improved accuracy - the error is of order h3 as opposed to h2, where h is the step size. Since the step size is required to be small for the methods to give fair approximations (h
Step down method and reciprocal method?
Both step-down method and reciprocal method belongs to the allocation metods which can be used to allocate support department costs to opertating department. (Now, I wanna tell you the three allocation methods are direct method, step-down method and reciprocal method.) First of all, the step-down method allocates some (but not all) support department costs to other support departments. Secondly, the first support department's costs are allocated to all operating and support departments that use its services. Then, each subsequent support department's costs are allocated to all operating and support departments that use its services, except any support department whose costs were already allocated. What's more, allocation order must be determined. For reciprocal method, first and foremost, the reciprocal method allocates all support department costs to other support departments. Secondly, the first step is to compute the total costs of each support department when its usage of other support department services is taken into consideration. In addition, support department costs are then allocated to all other operating and support departments that consume its services. I hope my answer can help your work. If I have some grammar mistakes, please point out, coz I am a Chinese adolescent. Thank you very much.
What are advantages of reduction and alkylation?
The advantages of reduction is that there is always instructions that is a step by step so it will be easy to follow.
What is step cost?
A step cost is a cost that does not have steady changes. While many costs have changes that result in activity volume, a step cost does not.
How do you figure step down allocation?
by using some financial methods plus some economical approaches
What is the next step in the method following making a prediction?
Conducting an experiment is the step in the scientific method after making a prediction.
What is the next step in the scientific method following the prediction?
Conducting an experiment is the step in the scientific method after making a prediction.
What is the scientific method's last step?
The scientific method's fifth step is to draw conclusions based on the results of your experiments.
The frist step of the scientific method is to define or identify the blank?
The first step of the scientific method is to define or identify the problem.
