Pooling of Costs – Basic Understanding
Pooling of costs is an accounting trick used to facilitate better matching of costs against the respective revenue stream or predicted cost for the respective product or function.
Pooling of costs is an accounting tool used to allocate a group of similar costs against an objective criterion. Examples include labor burden, vehicle operations and facilities. Read Pooling of Costs for more information.
Pooling of costs is an accounting trick used to facilitate better matching of costs against the respective revenue stream or predicted cost for the respective product or function.