The basis used for the apportionment of costs between a number of cost centres when the costs are to be shared between them equitably. This article provides historical context, types, key events, detailed explanations, formulas, charts, applicability, examples, considerations, related terms, comparisons, interesting facts, famous quotes, and FAQs.
An accounting system in which each department or branch of a business is established as a separate cost centre or budget centre. The net profit per branch may be added together to arrive at the profit for the whole business.
An in-depth exploration of departmental accounting, including its history, types, key events, detailed explanations, formulas, charts, importance, applicability, examples, and related terms.
A Direct Cost Centre is a department within an organization that directly adds to profit and is involved in the core business activities. This article explores its historical context, types, key events, detailed explanations, and more.
Equitable Apportionment refers to the process of sharing common costs between cost centres in a fair manner, using a basis of apportionment that reflects the way in which the costs are incurred by the cost centres.
