Costs and Cost Allocation

Costs and Cost Allocation Lavish Lamps produces high-quality lightin" rel="nofollow">ing fixtures in" rel="nofollow">in its manufacturin" rel="nofollow">ing plant. The fixtures are designed and manufactured accordin" rel="nofollow">ing to the customer’s specifications and are therefore made-to-order. The plant manager has provided you with the followin" rel="nofollow">ing list of key activities within" rel="nofollow">in the plant: Product design Production schedulin" rel="nofollow">ing Purchasin" rel="nofollow">ing department Receivin" rel="nofollow">ing department Machin" rel="nofollow">ine set-up Quality control Plant security Customer credit check Machin" rel="nofollow">ine operation Main" rel="nofollow">intenance Required: For each of these activities: Identify a cost object and a cost driver. How would you recommend recordin" rel="nofollow">ing each of these costs? How should these costs be allocated to lightin" rel="nofollow">ing fixtures?