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no these are not synonymous terms
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∙ 13y ago
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Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
What is the difference between job costing and operating costing?
Job costing is when for example a tradesman comes to give you a quote for how much he is willing to do the job/repair that you want to be done, whereas Operating costs are what a buisness has to spend in order to keep functioning, overheads ect.
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
Is a hospital a job costing or process costing?
a job costing
What is the and purpose of Job Costing Process Costing?
outline the characteristics and purpose of: Job costing and process costing
What is the job costing and give you the example?
Labour costing. Material costing
Is the marginal costing called direct costing?
Yes marginal costing is also sometimes called direct costing.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
Differences between costing method and costing techniques?
Methods of Costing The cost of products or services is determined using several methods. The use of a given method is dictated by such factors as: the nature of cost units, the production process, the mode of cost accumulation, the duration of work etc. The following are the well established methods of costing a. Job / Batch costing b. Contract costing c. Process costing d. Service costing Techniques of Costing Irrespective of the type of costing method being applied there are various approaches that could be adopted. These are:  Full Absorption costing  Marginal costing  standard costing using  absorption costing  marginal costing
What is the characteristics and purpose of Job Costing and Process costing?
what is the purpose of process costing?
What is the difference between process costing and operation costing?
Process costing and operational costing systems are used in accounting, usually in relation to the manufacturing sector. Both refer to the costs of production, but they differ in terms of methodology and application. Process costing is used in industries where the products are all basically the same, such as bricks or cement. Operational costing, on the other hand, is used in industries where the products are similar but may have some variation in terms parts or the quality of materials.
Differences between conventional costing methodology and activity costing?
difference between conventional costing methodology ang activity costing
