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JAMB Accounts Principles of Accounts 2015 Paper
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Question : 59
Total: 69
The process of cost apportionment is carried out so that
indirect costs may be controlled
cost units could gather overhead as they pass through cost centres
variable costs may be controlled
common costs are shared among cost centres
Validate
Solution:
Cost apportionment is the sharing of commonly incurred expenses proportionately where two or more cost centres are involved
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