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October 24, 2022

Discuss the process and methods that are used to allocate support department costs.

Accounting by Geoffrey
  • Watch the short video in the following link:

3 Ways to Allocate Costs to Multiple Support Departments (Direct, Step-down, and Reciprocal methods)

9.3 Test your Knowledge (Question):

 

  • Discuss the process and methods that are used to allocate support department costs.
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What is the tool used by a project manager to check whether the resources are allocated correctly and monitor the resource utilization? Explain the advantages and disadvantages of the tool with suitable example.
How will success in this internship be determined? This could include specific outcomes, deliverables and/or a final product. What strengths, skills or abilities will be necessary to achieve success? 

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