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4 pages/≈1100 words
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APA
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Accounting, Finance, SPSS
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Week IV Research Paper. Description of cost allocation. (Essay Sample)

Instructions:

Please see and read instructions carefull and follow them. Also I am including a template from the teacher to use as a guide.

The purpose of this Research Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting. The paper must: Identify the main issues in the chosen area. Contain and reference new learning that has occurred. Build upon class activities or incidents that facilitated learning and understanding. Present specific current and/or future applications and relevance to the typical workplace.The Research Paper should also focus on real-life, real-time application of topics covered in this course, the uses you have seen and the uses you can envision.The Research Paper: Must be two to four double-spaced pages in length (not including the title page, table of contents and references page). Must include a cover page that includes:o Student’s name,o Course name and number,o Title of paper,o Instructor’s name, ando Date submitted. Must address the topic of the paper with critical thought. Must use at least five empirical studies as references.  Format your Research Paper using APA style.  Use your own words and include citations and references as needed to avoid plagiarism. Please provide references using APA format and all references must be within the last five years. Avoid using pronouns (“this”) as sentence subjects to avoid confusion of reference. Avoid the temptation to use adverbs such as (Therefore, also, however, thus, etc.) in academic writing because it adds nothing of substance and make your writing less concise and wordy.
Search the Library and other reliable sources. Write a paper on one of the major topics listed below and incorporate at least five other related empirical studies of your choice: Research the topic of cost allocation and theory. When writing your paper, be sure to answer the following questions, in addition to providing any other information you wish to include. What is cost allocation? Search and discuss two common allocations found in the auto industry. When is it beneficial to use cost allocations? How can a firm determine if it is useful or not? Research the topic of incentive/organizational reasons for cost allocations. When writing your paper, be sure to answer the following questions, in addition to providing any other information you wish to include. Explain how cost allocations are a tax system. Provide at least three examples illustrating this idea. What are some common positive and negative externalities? How do they impact a firm? Research the topic of insulating and noninsulating cost allocations. When writing your paper, be sure to answer the following questions, in addition to providing any other information you wish to include. Compare and contrast insulating and noninsulating cost allocations? How do they impact managerial decision making? Provide examples to support your research. Research the topic of cost allocation and practices. When writing your paper, be sure to answer the following questions, in addition to providing any other information you wish to include. What is the death spiral? How is it related to cost allocation? What affects such a relationship? Identify at least three methods for allocating costs. When is each method used? What are the pros and cons of each? Research the topic of joint costs. When writing your paper, be sure to answer the following questions, in addition to providing any other information you wish to include. Review the term “joint costs” and discuss how firms manage them? Provide at least three examples of firms which must account for joint costs. Be sure to discuss byproducts and how they are accounted for.

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Content:


Cost Allocation and Theory
Student’s Name:
Institution Affiliation:
Professor:
Unit Name & Number:
Date of Submission:
Introduction
Description of cost allocation
Cost allocation involves apportioning the commonly incurred cost to respective cost beneficiaries. It is a function of cost accounting in an organization where cost is allocated to various products or departments. In most cases, cost allocation is arbitrarily done because it is not easy to trace it or directly associate it with a specific object, i.e., product or department. Accountants would incorporate various cost allocation techniques and as such, they will utilize certain basis like the direct labour hours with the objective to reduce the arbitrariness.

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