Chapter 5 in the textbook provides examples of allocation of support department costs in manufacturing settings for determining product costs.

Question Description

Why would allocation of support department costs be important in-service businesses, such as hospitals or universities?Embed course material concepts, principles, and theories (requiressupporting citations) along with at least one scholarly, peer-reviewedreference in supporting your answer. Keep in mind that these scholarlyreferences can be found in the Saudi Electronic Library by conducting anadvanced search specific to scholarly references.

Homburg, C., Nasev, J., & Plank, P. (2018). The impact of cost allocation errors on price and product-mix decisions. Review of Quantitative Finance & Accounting, 51(2), 497527.

Arya, A., Glover, J. C., & Mittendorf, B. (2017). The effects of joint cost allocation on intra-firm trade: A comparison of insulating and non-insulating approaches. Journal of Management Accounting Research, 29(2), 110.
del Río Sánchez, R., Cornejo, R. R., Valderrama, T. G., & Ortiz J. S. (2019). Design of the activities map with the ABC cost model for the university departments. Cuadernos de Gestión, (2), 159.
Warren, C. S., & Tayler, W. B. (2020). Managerial accounting(15th ed.). Boston, MA: Cengage Learning. ISBN: 9781337912020 ( my course book )

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