Differentiate between cost allocation and cost


1. Differentiate between cost allocation and cost appropriation.

2. How would admission of a patient in a hospital affect hospital cost and revenue?

3. Total maintenance cost for 800 patients ina hospital is sh.11000. The fixed cost is sh.10000.calculate the variable cost per patient day then show the linear cost equation.

4. Describe high-low method of cost estimation giving two examples where the method is used.

5. Explain the process of preparing cash receipts and payment schedules.

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Accounting Basics: Differentiate between cost allocation and cost
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