allocation


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

Allocate

On a balance sheet, to spread an expense over more than one accounting period. One of the most prominent examples of allocation is depreciation, which spreads the cost of an asset over a certain number of years.
Allocation and Apportionmentclick for a larger image
Fig. 7 Allocation and Apportionment . Budgeted production costs: departmental analysis.

allocation

  1. the breakdown of COSTS (and REVENUES) between different products, functions or company departments where it is possible to attribute costs (and revenues) directly to the departments where the cost (revenue) arises. For example, in analysing costs, the depreciation OVERHEADS of factory departments can be allocated precisely between the production departments where the specific fixed assets are located. Such allocations help in tracing responsibility for costs to the managers responsible, as well as assessing the profitability of different departments or products. Fig. 7 shows a typical departmental revenue/cost breakdown where some costs are precisely allocated while others are apportioned on an equitable basis. See BUDGETING, STANDARD COST.
  2. the process of assigning or ‘earmarking’ materials which are in STOCK in order to fulfil specified product orders. The stock of materials that has not been currently allocated is referred to as the ‘free balance’, which is available for allocation to future orders.
References in periodicals archive ?
ABL Islamic Asset Allocation Fund###August 21, 2019###9.6851###9.9757###9.6851
"Union Budget 2019-20 speaks of medium to long term vision of the government which is good for the country however, these need to be backed by commensurate budgetary allocation," he said.
The second major project is Mohmand hydro project for which the allocation of Rs5 billion has been proposed.
- Rs 6.333 billion for Communication Division (other than NHA) against total allocation of Rs13.977 billion
Rs28.06 billion whereas Aviation Division received Rs0.742 billion out of total allocation of Rs3.65 billion.
Read: Coast counties on losing side as revenue allocation team revises formula
The government also released an amount of Rs18.53 billion for various development projects of Higher Education Commission out of total allocation of Rs 30.9 billion, while Rs 18.22 billion have been released for Atomic Energy Commission.
The government also released an amount of Rs 11.8 billion for various development projects of Higher Education Commission out of total allocation of Rs 30.9 billion, while Rs 10.2 billion have been released for Atomic Energy Commission.
Similarly, an amount of Rs9.3 million has been released for Petroleum Division out of its allocation of Rs463.2, million, Rs977.65 million for Planning, Development and Reform Division out of its allocation of Rs7.03 billion whereas Rs246.7 million have been released for SUPARCO out of its allocation of Rs2.9 billion.
National Highway Authority (NHA) was provided about Rs302bn against its allocation of Rs325bn in view of its involvement in execution of a series of road sector projects under the China-Pakistan Economic Corridor (CPEC).
Water and Power Division (water sector) received Rs 23.13 billion out of its total allocation of Rs 36.75 billion under PSDP 2017-18.
Part 7 Gyor-Moson-Sopron county, allocation Au 6,420,000

Full browser ?