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1. Cost allocation is the tracing and reassigning of costs to one or more cost objectives such
as departments, customers, or products.
2.Cost assignment is the tracing or allocating of costs to one or more cost objectives, such as
activities and depa
What type of accounting system is part of an organisation's management information system for internal
A. Financial accounting
B. Management accounting
C. Governmental accounting
D. All of the given answers
Which of the follow
EXCEL MODULE PART TWO
General information: These notes provide discussion and explanation as well as instructions
for completing the Excel examples. Discussion and explanation are in plain text. Instructions
for completing the Excel examples are in italic
Excel Module: ACCT231-16B
Absolute and Relative References
Using absolute and relative references, complete the calculations below.
Solution is shown at AA6.
Base sales with g
Chapter 6Service Costing
Question 1. Service organisations are characterised by: 1. Intangible outputs. 2. Zero inventories.
3. High labour costs. A. 1 and 3 B*. 1 and 2 C. 2 and 3 D. 1 E. 3
Question 2. Service costs include: 1. Design 2. Production 3. Pu