Support Cost Allocation using Step Down Method (Cost Accounting Tutorial #37)

📢 Full course at a special price of only $10.00 found here: https://bit.ly/3m74DZ6 ($39 value). ⌚Timestamps 0:00 - Introduction 2:20 - Example: Allocating Using the Step Down Method In this managerial accounting tutorial we use the step down method to allocate costs from support departments to revenue producing departments. REMEMBER that the ultimate goal is to allocate support cost to revenue producing departments. The step down method starts to allocate the support department that provides the most support for ALL support departments (depending on cost). So we'll allocate out the cost and figure out which one to use and then begin allocating! Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you have given us. Be a part of the mission to help us reach more students by subscribing, liking and adding the videos to your favorites! ** Notepirate is privately owned and exclusive to Notepirate.com.**