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FORTS INC. 2017 COST OF SERVICE ANALYSIS & RATE DESIGN EXHIBIT C44March 27th, 2018 British Columbia Utilities Commission Sixth Floor, 900 Howe Street Box 250, Vancouver, B.C. V6Z 2N3 Attention: Patrick

How to fill out 2017 cost of service

How to fill out 2017 cost of service

1. Start by gathering all the necessary financial and operational data for the year 2017.
2. Identify the different cost categories that need to be included in the cost of service, such as labor costs, materials costs, overhead costs, etc.
3. Determine the appropriate allocation methods for each cost category. This may involve using simple ratios, such as labor hours or material usage, or more complex allocation methods based on cost drivers.
4. Calculate the total cost for each cost category by multiplying the allocation method by the corresponding cost data.
5. Sum up all the cost categories to obtain the total cost of service for 2017.
6. Document the calculations and ensure they are accurately reported in the appropriate financial statements or reports.
7. Review and verify the filled-out cost of service for any errors or discrepancies.
8. Retain the filled-out cost of service for future reference or audit purposes.

Who needs 2017 cost of service?

1. Businesses and organizations that provide services or produce goods may need the 2017 cost of service for various purposes.
2. Management teams use it to analyze the cost structure and profitability of their operations.
3. Accounting departments use it to prepare financial statements and reports.
4. External stakeholders, such as investors or lenders, may require it to assess the financial health and performance of the business.
5. Government agencies or regulatory bodies may need it for compliance and auditing purposes.
6. Overall, anyone involved in financial planning, analysis, or decision-making within an organization may need the 2017 cost of service.

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What is cost of service analysis?

Cost of service analysis is a process used by companies to determine the appropriate rates or fees to charge for their services based on their costs.

Who is required to file cost of service analysis?

Utilities and service providers are typically required to file cost of service analysis with regulatory bodies.

How to fill out cost of service analysis?

Cost of service analysis involves collecting data on all costs associated with providing a service, and then using that data to determine the appropriate rates to charge.

What is the purpose of cost of service analysis?

The purpose of cost of service analysis is to ensure that rates charged for services are fair, reasonable, and justifiable based on the costs incurred by the company.

What information must be reported on cost of service analysis?

Cost of service analysis typically includes information on operating expenses, capital costs, depreciation, and any other costs relevant to providing the service.