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Why do companies allocate costs? What are some of the advantages and disadvantages to doing...

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Accounting

Why do companies allocate costs? What are some of the advantages and disadvantages to doing so?

What are the similarities and differences among the direct method, the step method and the reciprocal method of allocating costs?

Accounting is objective and precise. Therefore, performance measures based on accounting numbers must be objective and precise. Do you agree? Why or why not?

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