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Allocation of Service Department Costs
Allocation of Service Department Costs to Production departments ,Service departments are those departments that provide support to production departments however do not engage directly in the production of the products as an example of the maintenance department, accounting department, and the legal department. Service departments give services to each other and at the similar time to the production department. These methods of allocating service costs involve:
1. Reciprocal Method
2. Step-wise Method
3. Direct Allocation Method
what is the direct cost
explain advantages of marginal costing
Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings (the corporation uses the nearest full
Variable costs are the cost that are directly proportionate with the quantity of manufacture and or directly associated with the service.
Why is it important for financial statements and other external reports to be based on generally accepted accounting principles?
information for the year ended December 31, 2010: Direct labor $16,840 Direct material used 16,300 General and administrative expenses 14,240 Indirect production costs 16,780 Selli
On January 1, 2012, a machine was purchased for $197,100. The machine has an estimated salvage value of $13,140 and an estimated useful life of 5 years. The machine can operate for
importance of marginal costing &standing costing
The following are three independent situations where the reporting entity for which financial statements are being prepared are underlined. Every company has a December 31, 2012 ye
Support Department Cost Allocations. Riverside Furniture Company manufactures unfinished furniture for sale to retailers. Riverside has two support departments, Maintenance and Hu
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