iPad 12:27 @ 100% th Quiz 1 | UNsw Mc × Email moodle. telt.unsw × , G tort law-G
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iPad 12:27 @ 100% th Quiz 1 | UNsw Mc × Email moodle. telt.unsw × , G tort law-Google × Home https://moodle.telt.unsw.edu.au/mod/quiz/attempt.php?attempt-355591 3 Question 11 Not yet answered Marked out of 1.00 Consider the following statements regarding cost allocation. i. Allocation of budgeted costs is preferred to actual cost as this minimises the possibility that the actions of one user department will affect the costs allocated to another user department ii. Allocation of standard budgeted rates is preferred, so the user department does not have to bear the inefficiencies of support departments. ii Knowing the standard rates in advance allows the user departments to plan their activities with greater certainty Flag question Which statement/s is/are true? Select one: i and ii O i, i andii O ii and ii % , ( ?Explanation / Answer
Answer : i, ii and iii.
Cost allocation is a task of identifing, accumilating and assigning costs to cost objects.
Cost object means any activity or item for which you want seperately measures cost.
Cost allocation serves for three main purposes they are
1) make decision
2) reduce waste
3) determine pricing
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