Cost Accounting- Explain why costs would need to be allocated

Week 6 Discussion Topics1. Explain why costs would need to be allocated. 2. Discuss ONE method (common costs to users, support departments to operating departments,joint costs, etc. ) for allocating costs. 3. What are some of the challenges in cost allocation?

Cost Accounting- Explain why costs would need to be allocated

Question
Week 6 Discussion Topics
1. Explain why costs would need to be allocated.
2. Discuss ONE method (common costs to users, support departments to operating departments,
joint costs, etc.) for allocating costs.
3. What are some of the challenges in cost allocation?