As the Covid-19 crisis spreads to new epicenters in Europe and the US, companies are struggling to mobilize responses. There are no easy answers, due to the unpredictability of disease dynamics, a lack of relevant prior experience, and the absence of instructions from government or international authorities. Clearly, each local situation is different, but we should believe that there are opportunities for companies to learn from others in regions that are weeks ahead in responding to the epidemic 

Required: Choose one type of company (electronics, restaurant, garment, etc). Suppose that you are a manager at this particular company that has the responsibility to arrange a strategic plan related to cost policy. Firstly, define the cost object and cost allocation for your particular company. Then describe your decision in determining which cost calculation method to use for you

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Cost Object is a term used primarily in cost accounting to describe something to which cost are assi... View the full answer