b. i. Explain and Distinguish between allocation, apportionment and absorption of production overheads. (5 marks) ii. Briefly explain the components of prime costs (2 mark) iii. Explain any four bases used in the allocation of production overheads (4 marks)
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- **Allocation**: This is the process of assigning the entire overhead cost to a specific cost center or department. It is used when the overhead can be directly attributed to a single department. - **Apportionment**: This involves distributing overhead costs Show more…
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