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Compare and contrast the three methods of cost-finding discussed in Chapter 12 -Cost-to-charge, -Step-Down, and -Activity-Based Costing. How do they...

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Finance

Compare and contrast the three methods of cost-finding discussedin Chapter 12

-Cost-to-charge,

-Step-Down, and

-Activity-Based Costing.

How do they work?

What type of organizations might use each of the methods andwhy?

Answer & Explanation Solved by verified expert
4.3 Ratings (664 Votes)
Costtocharge This is the ratio of cost to charges This is a predetermined ratio of charging cost to a specified unit of activity Suppose 17 of all indirect labor costs are charged to a dental unit Although this is easy to use but it carries some disadvantages too like the system is not universal mere assumption and expectation may lead to an inaccurate figure if the variable part is    See Answer
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Compare and contrast the three methods of cost-finding discussedin Chapter 12-Cost-to-charge,-Step-Down, and-Activity-Based Costing.How do they work?What type of organizations might use each of the methods andwhy?

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