Required: a) Prepare a statement showing the overhead cost for each production department showing the...
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Required: a) Prepare a statement showing the overhead cost for each production department showing the the basis of apportionment used. 4 Marks b) Reapportion the overheads using the direct method of reapportionment. 2 Marks c) There are different ways to deal with the overhead, Absorption costing is a method of sharing overheads between different products on a fair basis. Discuss and Evaluate the Absorption costing procedure. 4 Marks
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