Allocation Vocabulary Set in Accounting - Auditing: Full and Detailed List
The 'Allocation' vocabulary set in 'Accounting - Auditing' is carefully selected from standard international textbook sources, helping you master vocabulary in a short time. Comprehensive compilation of definitions, illustrative examples, and standard pronunciation...
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/kɔst ˌæləˈkeɪʃən/
Example:
Effective cost allocation is crucial for accurate financial reporting.
/ˈkɑːst ˌsen.tər/
Example:
The IT department is often considered a cost center.
/ˈprɑːfɪt ˌsen.tər/
Example:
The marketing department was reorganized as a profit center.
/daɪˈrekt kɔst/
Example:
Labor and raw materials are examples of direct costs in manufacturing.
/ˌɪn.daɪ.rekt ˈkɑːst/
Example:
Rent for the factory is an indirect cost of production.