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Cost allocation method

National Linen launders commercial tablecloths, bedding, garments and rags for restaurants, medical facilities, hotels and auto repair shops.

Why is the cost allocation method used by an organization an important part of its cost accounting system?

Also, going back to the company (National Linen) what type of cost allocation method is or might be used and would you give some examples?

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Cost allocation method

Reference No:- TGS01619127

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Advantages and disadvantages of gaap

Q : Calculate the depreciation expense

Q : Transaction or adjustment on appropriate balance sheet

Q : Declining balance method of depreciation

Q : Cost allocation method

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Cost allocation method

Reference No:- TGS01619127

Recent Questions Asked Accounting Basics

Q : Advantages and disadvantages of gaap

Q : Calculate the depreciation expense

Q : Transaction or adjustment on appropriate balance sheet

Q : Declining balance method of depreciation

Q : Cost allocation method

Q : Income statement and balance sheet interact

Q : Budgeting process and budgets

Q : Adjustment on assets-liabilities

Q : Calculate net income under fifo and lifo

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