Cost allocation is the process of assigning indirect costs to a cost object. the indirect costs are grouped in cost pools and then allocated by a common allocation base to the cost object. the base that is employed to allocate a homogeneous cost pool should
have a cause-and-effect relationship with the cost items in the cost pool.
assign the costs in the pool uniformly to cost objects even if the cost objects use resources in a nonuniform way.
be a nonfinancial measure (e. g., number of setups) because a nonfinancial measure is more objective.
have a high correlation with the cost items in the cost pool as the sole criterion for selection.

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent