Please answer the four (4) questions below in detail. Avoid brevity and clearly convey your understanding of the subject matter.
Discuss in detail why equitable cost allocation should be a key part of senior management in an organization.
Explain who and why should be involved in the cost allocation process.
Continue your explanation by detailing what YOU feel should be the most equitable (fair) method of allocating costs and WHY?
Consider you are a senior manager for an organization and have been tasked with responsibility for implementing cost allocation procedures which are aligned with the overall goals of the company and at the same time causes the employees to embrace the process. Be detailed in how you would structure the process for evaluating performance.