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Example Of Cost Pools And Cost Drivers4/29/2023 Cost pool accounts consists of ten digits. More frequently, a single cost pool will have up to ten digits in the sequence, with certain groups of those digits used to relate back to the project or something else. While the exact construction cost pools differs, most companies choose to form numerical based sequences that can then be allocated to the desired project. The principle behind the pool is to correlate direct and indirect costs with a specified cost driver, so to find out the total sum of expenses related to the manufacture of a product. ( January 2011) ( Learn how and when to remove this template message)Ĭost pools is an accounting term that refers to groups of accounts serving to express the cost of goods and service allocatable within a business or manufacturing organization. Please help to improve this article by introducing more precise citations. This article includes a list of references, related reading or external links, but its sources remain unclear because it lacks inline citations.
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