Tag Archives | Allocation

Objectives for Allocation of Joint Costs | Cost Accounting

In this article we will discuss about the objectives for allocation of joint costs. Joint costs create the following problems in Accounting: (1) If joint costs are shared between more than one product. On what basis should they be shared out (apportioned)? And why do they have to be shared out? (2) How should joint […]

Top 3 Approaches to Public Goods Allocation

This article throws light upon the top three approaches to public goods allocation. The approaches are: 1. The Marginal Utility Approach of Public Goods Allocation 2. Voluntary Exchange Approach 3. Samuelson’s Approach to Public Goods Allocation. 1. The Marginal Utility Approach of Public Goods Allocation: Professor A. C Pigou has made a heroic attempt to […]

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