Module 05: Introduction Allocation of support department costs and joint product

Module 05: Introduction
Allocation of support department costs and joint product costs requires practicing the different allocation methods to fully understand how they work.Learning OutcomesExplain methods for allocating support department costs to products.
Solve allocation of support department costs using different methods.
Examine joint product costs using different methods.
ReadingsRequiredChapter 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:Module 05 PowerPoint Presentation
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.
Module 05: Discussion
Support Department and Joint Cost Allocation
Discuss the allocation of support department costs and joint costs for one of the following types of business: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, (e) custom jewelry manufacturer? Discuss which of the three commonly used methods for allocating support department costs would or could be used and which of the four methods for allocating joint costs would or could be used in that business type and why. In the business type you selected, what is the most important implication improving operations in that business type?Directions:
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.
Reply to at least two discussion posts with comments that further and advance the discussion topic.