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Accounts students often get assignments and projects on single-rate method. It is one of the most common topics of Accounts that students are assigned. However, students frequently face problem with these assignments. The basic difficulties that students face with this accounting method are advantages and disadvantages of the single-rate method. That is why we at myhomeworkhelp.com offer advantages and disadvantages of single-rate method homework help services.
There are so many problems that students face regarding these assignments. The reason behind this is that students do not have a clear concept of what this Single-Rate Method is! Hence, it is important that you understand what this method is all about.
Understanding Single-Rate Method:
Single-Rate is a cost allocation method. In this method, a single cost rate is used to dictate the dollar or pound that is allocated from different batches, units, divisions, and departments. Suppose, when this method is used in the support department, a singular dollar rate is allocated for the other departments as well.
In our advantages and disadvantages of single-rate method assignment help services, we always explain the definition and features of every Cost Accounting factor in details.
Advantages of the single-rate method:
While doing your single-rate method assignments, you will need to write down its advantages. They are quite simple to understand.
- When you use Single-Rate Method, there is less amount of paper work that you need to do.
- Since a singular rate is being used for calculation, calculation becomes easy. Our manuals on advantages and disadvantages of single-rate method assignment help can surely help you at every step.
All the assignment helps and homework help services regarding this accounts topic that we provide, are absolutely detailed and yet very brief.
Other aspects of the single-rate method:
Like every other Accounting method, there are quite disadvantages of the Single Rate Method. With our advantages and disadvantages of single-rate method homework help services, you will get a complete idea of what these advantages are.
- Since a singular rate is being imposed in all the departments, the actual cost of a particular department cannot be determined.
- As the actual cost of a department is not being calculated, its importance is also miscalculated.
- At times, singular rate method miscalculates the costs, and thus, the results may show an increase or decrease in the actual costs.
Now that you have understood these advantages and disadvantages, it will be quite easy for you to complete your homework on time.
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