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Mary, an HR manager, examines the skills, knowledge, ability, educational qualifications, working conditions and responsibilities of different jobs.She assigns values to these aspects of the jobs when she compares them so that she can assign a monetary value to different jobs.Mary is performing:
Sequential Method
A systematic approach in which tasks or procedures are performed one after another in a specific order, frequently used in manufacturing or problem-solving processes.
Reciprocal Services
Transactions between two units within an organization where each unit provides services to the other, facilitating internal cost allocation.
Sequential Method
A procedure used in cost accounting to allocate service department costs to producing departments in a specific sequence.
Support Department Costs
Costs associated with the functions that assist the operational activities of a company, including HR, IT, and maintenance services, indispensable for production but not part of the direct manufacturing process.
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