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Which method of allocating manufacturing overhead

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Reference no: EM132632513

Problem 1: Assume you are a small manufacturing business that has one factory. You have approximately 50 employees. Your business manufactures two products cottage cheese and ice cream. Approximately 25% of total costs are incurred as joint costs. Then the products split and continue to be processed further. Which method of allocating Manufacturing Overhead (single plantwide approach, multiple department approach, or Activity Based Costing) do you think is the best method to allocate Manufacturing Overhead costs and why?

Reference no: EM132632513

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