Discussion – Support Department and Joint Cost Allocation
Discussion – Support Department and Joint Cost Allocation
Chapter 5 in the textbook provides examples of allocation of support department costs in manufacturing settings for determining product costs. Why would allocation of support department costs be important in-service businesses, such as hospitals or universities?
Embed course material concepts, principles, and theories (which requires supporting citations) along with at least one scholarly, peer-reviewed reference supporting your answer.
Required readings:
Chapter 5 in Managerial Accounting (attached )
Fang, F. (2020, March). Sourcing and procurement cost allocation in multi?division firms. Production & Operations Management, 29(3), 767-78.
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