Explain the role of direct and indirect costs in the costing process. Describe the three methods of cost allocation

Explain the role of direct and indirect costs in the costing process. Describe the three methods of cost allocation

Explain the role of direct and indirect costs in the costing process. Describe the three methods of cost allocation.
Describe the existing needs for cost information in healthcare firms. Describe the three main phases of the costing process.

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Direct costs (variable costing)- these are costs that can be traced direct to a product, an activity of any other item than incurs costs in business with a high degree of precision and accuracy. The role of these costs in accounting is to help accountants identify and allocate costs directly associated with a product or service. This can help them determine the percentage of such costs in a product and hence find ways to reduce them……………

APA

555 words

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