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INTERVIEW QUESTIONS
COST ACCOUNTING
OVERHEAD COST CONTROL
DETAILS
Question: What is the difference between Allocation and Apportionment?
Answer: The major difference between allocation and apportionment methods are that allocation is used when the overhead can be directly related to one department and cost center, and apportionment is used when the overhead arises from a number of departments.In allocation, the entire amount of the cost will be allocated to one department, and in apportionment proportions of the costs will be divided among their respective cost centers. Allocation is much easier and simpler to do as the expense will directly be related to one cost center. Apportionment can, however, be quite tricky as the percentage of the cost that needs to be assigned to each department may be difficult to decide.
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Overhead Cost Control Interview Questions & Answers -
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Question:
What is the difference between Allocation and Apportionment?
Answer:
The major difference between allocation and apportionment methods are that allocation is used when the overhead can be directly related to one department and cost center, and apportionment is used when the overhead arises from a number of departments.In allocation, the entire amount of the cost will be allocated to one department, and in apportionment proportions of the costs will be divided among their respective cost centers. Allocation is much easier and simpler to do as the expense will directly be related to one cost center. Apportionment can, however, be quite tricky as the percentage of the cost that needs to be assigned to each department may be difficult to decide. Source: CoolInterview.com
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