0
What else can I help you with?
Why do you need product costing system?
needs of product costing system
What is another name for absorption costing?
Full costing system
What is a responsibility costing system?
responsibility costing is a costing which enable us to know which department is responsible for what
When job order costing system would be more appropriate than process costing system?
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
What are the benefit's and limitations of job order costing and process costing system?
to undersrand
Why do you need product costing system?
needs of product costing system
What is another name for absorption costing?
Full costing system
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What is a responsibility costing system?
responsibility costing is a costing which enable us to know which department is responsible for what
What are the main features of standard costing system?
features of standard costing
When is a job order costing system more appropriate than a process costing system?
Job order costing is more appropriate than process costing when the product being produced is a custom product
When job order costing system would be more appropriate than process costing system?
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
What are the benefit's and limitations of job order costing and process costing system?
to undersrand
Which is the best costing system for Automobile Industry?
process costin and target costing
What are the differences between activity-based absorption costing system and traditional absorption costing system?
An activity-based absorption costing system defines the cost by how many activities a product unit uses. A traditional absorption costing system defines the cost by how much money went into making the product unit.
Why does over costing and under costing occur with traditional costing system?
Over costing and under costing occurs because overhead cost is applied first using some ratio to find out the cost of product before the process of production done and actual cost found.
What does a well designed activity based costing system start with?
An Activity Based costing always starts with defining your objective. why do you want to implement this system? This definition is very important. Then the scope of the project and then the phases. The typical onjectives of the ABC system would fall under one the following three; 1) Understand Product, customer profitability 2) Understand the process costs and the cost drivers for them 3) Planning resource
