Allocation Method definition

Allocation Method. A common industry utilized allocation method that derives an allocation factor by giving an equal weighing to three factors: revenues, number of employees and assets. In this application, the formula derives an allocation factor by giving an equal weight to the ratio of revenues, assets and number of personnel within the cost centers. Item Description: Expenses in this category include those costs incurred which benefit employees such as the servicing and administration of employee benefit plans of various types and payroll processing.

Allocation Method. The 100% allocator is used when expenses are specific to the individual cost centers.

Allocation Method. These expenses are allocated based on the ratio of employees of the cost center to the total number of employees for all of the cost centers. Item Description: Expenses that fall under this category include, but are not limited to Workers' Compensation, Property Insurance and Legal services.

Examples of Allocation Method in a sentence

• Open Allocation Method The method by which the Company uses specific subaccounts to provide rider guarantees.

• Obtain an understanding of internal controls, assess risk, and test internal controls as required by OMB Circular A-133, §___.500(c).(2) Determine whether costs that are directly allocated to an award using the Direct Allocation Method are prorated using a base that accurately measures the benefits provided to each award or activity.

• Contract/Order Payment Clause Type of Payment Request Supply Service Construction Payment Office Allocation Method 52.212-4 (Alt I), Contract Terms and Conditions—Commercial Items 52.216-7, Allowable Cost and Payment 52.232-7, Payments under Time-and-Materials and Labor-Hour Contracts Cost Voucher X X N/A Line item specific proration.

• For nonprofit organizations that use the Simplified Allocation Method for indirect costs or elects to use the de minimis rate of 10% of Modified Total Direct Costs in accordance with 2 CFR 200.414, enter the applicable indirect cost rate and type of direct cost base in the first row of the table.

• Materials, supplies, consulting fees and other out-of-pocket expenses are recorded and billed directly to the appropriate affiliate or allocated according to the General Allocation Method when such expenses cannot be directly assigned.

More Definitions of Allocation Method

Allocation Method means the procedure used to assign portions of the Gas flows at a Point of Receipt or Point of Delivery to the various Transportation Contracts moving gas at the location;

Allocation Method means the method of allocating Loans to Bank in any given month based on the requirements set forth in Exhibit E, which may be updated from time to time as may be agreed to by Bank and Sunlight

Allocation Method means the method by which EHP and EPC shall identify the employees and former employees assigned to the EHP Group and the employees and former employees assigned to the EPC Group as set forth in Schedule A.

Allocation Method. Expenses are allocated based on the ratio of the total number of assets maintained for the cost center to the number of assets maintained for all of the cost centers.

Allocation Method. Expenses are allocated based on the ratio of cost center customers to the total number of customers.

Allocation Method. The method used to derive this allocator is based on the number of network user ids of each cost center compared to the total number of network user ids.

Allocation Method. Costs are allocated based on the ratio of square footage occupied by each cost center compared to the square footage occupied by all of the cost centers.