Question: please help ! DISCUSSION QUESTION 1 (CLO1) (10 marks) a) Define cost centre and list three (3) examples of a cost centre (2 marks) b)
DISCUSSION QUESTION 1 (CLO1) (10 marks) a) Define cost centre and list three (3) examples of a cost centre (2 marks) b) State the bases of apportionment to a cost centre (1 mark) c) Using the 3 examples mentioned in part A above, prepare a table outlining II. Two (2) overheads for each centre II. The respective basis of apportionment used to allocate for the respective overheads 3 marks) COST d) Define product and period costs and explain how they impact financial statements [2 marks) Source of reference (1 mark)
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