Which of the following are true of the step method? Once an allocation is made...
70.2K
Verified Solution
Question
Accounting
Which of the following are true of the step method? Once an allocation is made from a service department, no further allocations are made back to that department. Service department costs are allocated directly to user departments, ignoring intermediate users. Allocations must be made first from the service department that has provided the smallest proportion of its total services to other service depart ments. The order of allocation can impact the percentage of service costs ignored in the allocation process.
Which of the following are true of the step method?
Once an allocation is made from a service department, no further allocations are made back to that department.
Service department costs are allocated directly to user departments, ignoring intermediate users.
Allocations must be made first from the service department that has provided the smallest proportion of its total services to other service depart
ments.
The order of allocation can impact the percentage of service costs ignored in the allocation process.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.