Question: Answer all 6 questions. Include real life examples to fully explain your answers. Please use proper grammar, no short responses and do not copy answers

Answer all 6 questions. Include real life examples to fully explain your answers. Please use proper grammar, no short responses and do not copy answers from other websites when answering the questions below.

  1. Give two limitations of the physical measure method of a joint -cost allocation.
  2. Distinguish between the sales volume at split off method and the NRV method.
  3. Distinguish between the single-rate method and the dual-rate method.
  4. Distinguish among the step-down method, direct method, and reciprocal method of allocating costs of support departments to operating departments.
  5. Absorption Costing vs. Variable Costing: What's the Difference?
  6. Throughput costing method vs. Absorption and variable. What is the difference?

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