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ACT 500 SEU Support Department and Joint Cost Allocation Discussion
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Chapter 5 in the textbook provides examples of allocation of support department costs in manufacturing settings for determining product costs. Why would allocation of support department costs be important in-service businesses, such as hospitals or universities?
Embed course material concepts, principles, and theories (which requires supporting citations) along with at least one scholarly, peer-reviewed reference supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references.
- For Your SuccessAllocation of support department costs and joint product costs requires practicing the different allocation methods to fully understand how they work.Please note that there is a Discussion Question this week regarding how support costs should be allocated in service businesses.Learning Outcomes
- Explain methods for allocating support department costs to products.
- Calculate allocation of support department costs using different methods.
- Allocate joint product costs using different methods.
ReadingsRequired
- Chapter 5 in Managerial Accounting
- Fang, F. (2020, March). Sourcing and procurement cost allocation in multi‐division firms. Production & Operations Management, 29(3), 767-78.
Recommended:
- Chapter 5 PowerPoint slides
SEU_ACT500_Module05_PPT_Ch05.pptx – Alternative Formats in Managerial Accounting - Minjae, K., Jeong-Hoon, H., Iny, H., & Taesik, A. (2020). Distorted cost allocation: An encouragement or discouragement? Seoul Journal of Business, 26(2), 89–119.
