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cost accounting Q2. a) What are the differences between single and dual rate allocation? Explain with suitable examples. ( 2 Marks) b) Provide a numerical
cost accounting
Q2. a) What are the differences between single and dual rate allocation? Explain with suitable examples. ( 2 Marks) b) Provide a numerical example for single rate allocation and dual rate allocation and explain the process of allocating support department costs to the operating department, assuming that: - The company has two support departments "S1 \& S2" and two operating departments "O1 \& O2." - The company use the direct method to allocate support department costs. ( 2 Marks) Note: You are required to provide numerical examples assuming the values of your own and they should not be copled from any sources. (Chapter 8) Step by Step Solution
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