Question: fQ2. a) that are the differences between single and dual rate allocation? Explain with suitable examples. {2 Marks) h} Provide a numerical example for single

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\fQ2. a) \"that are the differences between single and dual rate allocation? Explain with suitable examples. {2 Marks) h} 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: I The company has two support departments "'51 E: 32" and two operating departments \"01 do 02." I The company use the direct method to allocate support department costs. (2 Marks) Note: You are required to provide numrical maples assuming the values ofyour own and they should not be copiedfrom any sources. [Chapter 5) Answer: Q3. OFL Ltd. manufactures plastic products and makes three products, Pl, P2 and P3. In 2016, the joint costs of three products were EAR 135,000. Following are the details related to the number of units and selling price per unit: (4 l'lIarks) Selling Price per unit BAR 3G Allocate the joint costs to each product using: [Chapter 9) i. Physical volume method ii. Sales value at the splitoff method Answer: \f

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