Discover How Stand-Alone Cost-Allocation Method Homework Help Can Benefit You
Stand- Alone cost allocation is of the primary methods of cost allocation mechanism. It is this process which distributes the group costs to users as it would have behaved as incurred costs.This may sound very simple, but when it comes to home assignments, students look for stand-alone cost-allocation method homework help for sure. There are a few parameters which every student should keep it in mind.
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What is stand-alone cost-allocation?
Advantages of using stand-alone cost-allocation
The business enterprises prefer Stand-alone- cost allocation method over others is due to the adaptation nature of the method. It can be implemented very well as per the changing needs of the business.
It becomes easy to monitor labor charges, wage expenses, etc.
Through this method; the accuracy is received of the material costing. This helps in maximizing the profits.
Through the statistical data, the businesses are in a position to know if a certain asset is being overused or underused. The demand and supply are then met with.
Suppose you have a leather industry comprising of retail market and wholesale market. Both incur freight charges to bring the goods to the customers. Now for retail market, $ 380 was quoted for 200 pounds and wholesale $600 for 400 pounds. Here the student has to calculate as per the stand-alone cost allocation method.
The student is expected to allocate the common costs as per each market.So which means ($380÷ ($600 X 1/ 380) for retail markets and similarly for wholesale market has to be calculated. After getting the percentages, then allocate the prices. This definitely calls for stand-alone cost-allocation method homework help, as one answer gone wrong, the entire assignment is taken wrong.
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