What are the four purposes of cost allocation? Why should budgeted cost rates, rather than actual cost

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What are the four purposes of cost allocation?

Why should budgeted cost rates, rather than actual cost rates, be used for allocating the variable costs of service departments?

Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0136126638

13th Edition

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

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Posted Date: Jun 18, 2022 08:50 AM

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Why should budgeted cost rates, rather than actual cost rates, be used for allocating the variable costs of service departments?
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What are the four purposes of cost allocation? Why should budgeted cost rates, rather than actual cost

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The four purposes of cost allocation are to 1 Accurately assign costs to the various products and se... View the full answer

Cost Accounting A Managerial Emphasis

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