=+(iv) Administration expense includes an allocation of HO expense, equal to 2% of net sales per division.

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=+(iv) Administration expense includes an allocation of HO expense, equal to 2% of net sales per division.

(vi) Financial expenses, including interest, insurance and rates, etc., include an allocation of non-traceable central financial expenditure equal to 4% of total capital employed per division.

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Accounting For Management Control

ISBN: 9780412374807

2nd Edition

Authors: David Otley And Kenneth Merchant Clive Emmanuel

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