Question: 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

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

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