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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.


What are the 3 classification of sources of information?

The three classifications of sources of information are primary sources, secondary sources, and tertiary sources. Primary sources offer firsthand accounts or original data, secondary sources analyze and interpret primary sources, and tertiary sources provide summaries and overviews of information from primary and secondary sources.


Define process costing its types features applications?

Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost


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.


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


How can information from sources be skewed to validate an argumet?

how can information from sources be skewed to validate an argument


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