Cost allocation is the process of assigning costs in a cost pool to the appropriate cost objects with the help of representatives. Contrast with cost tracing, cost allocations involve the use of a representative rather than direct measures.

Below the elements of labor cost are listed;
• Basic Pay
• Week and Holiday Pays
• Overtime Payment/Premium
• Night/Shift Payment/Premium
• Production and Efficiency Premium
• Holiday Pay
• Allowances (ie. traveling allowance)
• Education and Training Payments
• Social Welfare Contributions
• Health Payments
• Severance Payments
• Social Security Premiums
• Unemployment Insurance Premiums

Vested wage refers to payments made to employees for regular work plus other payments such as premiums, allowances, social welfare payments and etc.

The correct answer is question E. Variable costs represent cost behavior that is directly related to changes in the volume of operations and increases when the volume of activity increases and is zero. Fixed costs are defined as costs that are not affected by changes in operating volume at least in the short run.

Variable costs represent cost behavior that is directly related to changes in the volume of operations and increases when the volume of activity increases and is zero.

Under the piece-based system, the output is
considered. This system focuses on the units that
employees produce and ignores the time spent.

It should be indirect cost

This method is also known as algebraic method.

According to FIFO cost of the used material is: (25 x 15 TL) + (15 x 15 TL) + (40 x 15 TL) + (5 x 20 TL) = 1.300 TL

The second stage allocates support department costs to the production departments. This is the most complex of the allocation stages because services can flow back and forth between the support departments. These are often called reciprocal flows.

Salaries are fixed payments to employees for their performance and productivity working on a monthly basis.

Basic pay, overtime pay and production and efficiency payment are directly related to the actual work of the employee.

Determination of labor is not one of them

It should Just in time(JIT) System

Financial accounting produces useful
financial information to external users. Whereas,
cost accounting and management accounting
provide information to internal users.

The expense is defined as a noun, a decrease in owners’ equity attendant the decrease in net assets caused by selling goods or provide services.

Manufacturing-sector organizations typically have one or more of the following three types of inventory: Direct materials inventory, work-inprocess inventory, finished goods inventory. 

The correct answer is D. Unit cost information is also helpful in making important marketing decisions such as:

• Determining the selling price of a product
• Meeting competition
• Biddingoncontracts
• Analyzing profitability.