Cost allocation is really just the process of splitting up shared business expenses and assigning them to different departments, projects, or products. Think of it like an itemized receipt for your company's internal spending. Instead of one big, mysterious number for overhead, you get a clear breakdown of who used what.
This simple act of…
Cost allocation methods are simply the ways businesses divvy up indirect costs to specific products, departments, or projects. This isn't just about bookkeeping; it's about getting a real, honest look at profitability to make smarter financial decisions. It takes you past basic expense tracking and shows you what’s truly driving costs inside your company.
Why…
