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Criticisms of absorption costing?
Full costing information is perceived by some critics as not very useful, because it can be backward-looking: example- it includes information irrelevant to decision making, but excludes some relevant information.
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
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
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 does PRICE stand for?
PRICE Protection, Rest, Ice, Compression, Elevation PRICE Parametric Review of Information for Costing and Evaluation PRICE Program Review of Information for Costing & Evaluation
Criticisms of absorption costing?
Full costing information is perceived by some critics as not very useful, because it can be backward-looking: example- it includes information irrelevant to decision making, but excludes some relevant information.
Advantages and disadvantages of primary and secondary sources of information?
Primary sources of information are great because they are first hand information from someone who was there. Secondary sources are based on primary sources, and may be biased.
How can information from sources be skewed to validate an argumet?
how can information from sources be skewed to validate an argument
Other sources of information for online services?
other sources of information from online services
You are extracting information from multiple sources. What information will appear on the derived from line?
multiple sources
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
What kind of information do the wikipedia sources provide?
Wikipedia sources provide information on various topics, including history, science, culture, and more. They can offer summaries, detailed explanations, references to primary sources, and links to related topics for further exploration. However, it's important to critically evaluate the sources and cross-check information for accuracy.
What are some sources of data?
some sources of data are information
Types of sources of information?
Types of sources of information include primary, secondary, and tertiary. Primary sources are from the original source. Secondary are a commentary using primary sources. Tertiary sources are largely expert opinion.
Is a hospital a job costing or process costing?
a job costing
