Cost Allocation Method: The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method. To explain: The difference between the single-rate and the dual-rate methods.

Question

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Answer 1

Question

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

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Do fast answer general accounting question

Consider the following information for Trent Company: Net cash provided by operating activities $1,000,000 Common stock issued as a result of a stock dividend (fair value) 100,000 Common stock issued for cash 400,000 Proceeds from sale of building 300,000 Trent Company should report a net increase in cash of:

Please explain the solution to this general accounting problem with accurate principles.

Answer 2

Question

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

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Answer 3

Question

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

Answer 6

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

Answer 7

Chapter 15, Problem 15.1Q

To determine

Cost Allocation Method:

The cost allocation method is the method by which the costs to be assigned are identified and aggregated. The cost allocation method is of two types, single rate allocation method, and dual rate allocation method.

To explain: The difference between the single-rate and the dual-rate methods.

Answer 8

Expert Solution & Answer

Answer to Problem 15.1Q

The difference between the single-rate cost allocation and the dual-rate cost allocation methods is as follows:

The allotment of costs by the single-rate method involves no variation between the fixed and variable costs while the allotment of costs by dual-rate method includes making two different pools one for the variable cost and the other for the fixed cost.
The costs in the single-rate method of allotment are alloted using the same rate per unit of the single base while in the dual-rate method of allotment, the cost in each pool is alloted using the different base of allocation.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The cost allocation refers to the method of identifying the costs which are needed to be assigned to a unit.
The costs are assigned as per the needs of the departments or the products or the inventories.
The cost allocation methods are of two types-single-rate allocation method and dual-rate allocation method.

Answer 12

Conclusion

Thus, the difference between the single-rate and the dual-rate allocation methods are as mentioned above.

Answer 13

Ch. 15 - Prob. 15.1Q Ch. 15 - Describe how the dual-rate method is useful to...Ch. 15 - How do budgeted cost rates motivate the...Ch. 15 - Give examples of allocation bases used to allocate...Ch. 15 - Why might a manager prefer that budgeted rather...Ch. 15 - To ensure unbiased cost allocations, fixed costs...Ch. 15 - Prob. 15.7Q Ch. 15 - What is conceptually the most defensible method...Ch. 15 - Distinguish between two methods of allocating...Ch. 15 - Prob. 15.10Q

Answer to Problem 15.1Q

Explanation of Solution

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Chapter 15 Solutions