Describe the three (3) primary methods of cost allocation and describe how they differ.

60.1K

Verified Solution

Question

Finance

  • Describe the three (3) primary methods of cost allocation anddescribe how they differ.

Answer & Explanation Solved by verified expert
4.0 Ratings (409 Votes)
The given are the primary methods of cost allocation mainly in service department and their differentiation a The direct method The direct method is the simplest and most common but considered as least precise of the methods All service department costs do allocated directly to production departments    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Describe the three (3) primary methods of cost allocation anddescribe how they differ.

Other questions asked by students