Application of cost accounting that would have helped lou

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What is a rational for using the stepdown cost allocation method? You may want to refer to Chapter 15 in the 12th edition of the ACCY 121 text for reference. Use some form of an example in your response.

In our forecasting assigment we used the "run rate" to estimate variable costs. What is the (a) reason or rational to do this? Explain with a simple example. There is more than enough room to answer this question.

You are in an interview. You told the panel that you read the IBM book in our class. A memeber of the panel asked you to give one application of cost accounting that would have helped Lou. How would you respond? Use a simple example in your response.

Reference no: EM13135967

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