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What type of company uses Job costing?
Manufacturing companies use job costing.
Name companies that use the ABC costing?
the comanies that use the ABC system.
What companies would be more likely to use the specific identification inventory costing method?
walmart
What companies use variable costing?
Variable costing is commonly used by companies in industries where production costs fluctuate significantly, such as manufacturing and retail. Companies like General Motors and Ford may utilize variable costing for internal decision-making and performance evaluation. Additionally, businesses in the food industry, like fast-food chains, often adopt this approach to assess product profitability and manage inventory costs effectively. Variable costing helps these companies analyze their contributions to fixed costs and overall profitability.
When to use marginal costing?
Marginal costing is the method of costing for evaluating the changes in total cost due to change in number of units produced.
What type of company uses Job costing?
Manufacturing companies use job costing.
Name companies that use the ABC costing?
the comanies that use the ABC system.
What companies would be more likely to use the specific identification inventory costing method?
walmart
What companies use variable costing?
Variable costing is commonly used by companies in industries where production costs fluctuate significantly, such as manufacturing and retail. Companies like General Motors and Ford may utilize variable costing for internal decision-making and performance evaluation. Additionally, businesses in the food industry, like fast-food chains, often adopt this approach to assess product profitability and manage inventory costs effectively. Variable costing helps these companies analyze their contributions to fixed costs and overall profitability.
DO Many companies use variable costing for internal reporting to reduce the undesirable incentive to build up inventories?
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What type of companies would benefit using the activity based costing?
Following type of companies1) Those who want to perform better2) Those who want to be competitiveWhat specific types of companies would be better served with variable costing as opposed to absorption costing? Why?
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
How widespread is the use of standard costing?
An Ernst and Young survey in 2003 found that 76 percent of U.S. manufacturing companies reported that they used standard costs.
When to use marginal costing?
Marginal costing is the method of costing for evaluating the changes in total cost due to change in number of units produced.
Do companies in either the service sector or the merchandising sector make choices about absorption costing versus variable costing?
Yes, companies in both the service sector and the merchandising sector make choices between absorption costing and variable costing. Absorption costing includes all manufacturing costs, both fixed and variable, in the cost of goods sold, while variable costing includes only variable manufacturing costs. The choice between the two can significantly impact financial statements and tax liabilities, influencing management decisions and performance evaluation. Companies often select the method that aligns with their financial reporting needs and internal management strategies.
What companies manufacture mp3 speakers?
A huge range of companies make MP3 speakers, and as such there is great diversity within the market. At the more budget end of the products is SBP which have products costing as low as å£12. At the more premium end of the scale, companies such as Geneva XL have MP3 speakers costing in excess of å£1000.
Would toll brothers use process or job order costing?
Toll Brothers, a luxury home builder, would primarily use job order costing. This method is suitable for companies that produce customized products or services, as each home is tailored to specific customer specifications. Job order costing allows Toll Brothers to track costs associated with individual projects, ensuring accurate budgeting and financial management for each home built.
