Financial Sciences

Q1 What are support departments, and why are their costs allocated to other departments? What process is used to allocate support department costs?(1.5 Marks, week 10 materials)Q2 How are joint costs allocated? Explain and analyze using numerical example.(1.5 Marks, week 11 materials)Q 3 How are budget variances calculated and used as performance measures? Provide numerical example?(2 Marks, week 12 materials)Page 1 of 2For more information on Financial Sciences check on:https://en.wikipedia.org/wiki/Finance

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