Write something about Banking industry (Say any bank), major cost items and cost objects, different costs involved, how they are bifurcated and which cost allocation methods are used. Give a write up in context of Cost allocation and Managerial or cost Accounting in 1500-2000 words. Please provide reference links or case studies if needed.

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Banking Industry It is a network of financial institutions licensed by the state to supply banking services The modern banking industry offering a wide range of financial services has a relatively rec... View the full answer