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Define cost object and cost allocation for your company

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Question - As the Covid-19 crisis spreads to new epicenters in Europe and the US, companies are struggling to mobilize responses. There are no easy answers, due to the unpredictability of disease dynamics, a lack of relevant prior experience, and the absence of instructions from government or international authorities.Clearly each local situation is different,but we should believe that there are opportunities for companies to learn from others in regions that are weeks ahead in responding to the epidemic.

Choose one type of company (electronics, restaurant, garment, etc). Suppose that you are a manager at this particular company that has responsibility to arrange a strategic plan related to cost policy. Firstly, define cost object and cost allocation for your particular company. Then describe your decision in determining which cost calculation method to use for your company. answers with examples and assumptions.

Reference no: EM132706658

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