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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
DO Many companies use variable costing for internal reporting to reduce the undesirable incentive to build up inventories?
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If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
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?
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.
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 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.
What type of organization is most likely to benefit from using activity-based costing for product costing?
The companies benefiting the most from ABC would be companies with a significant amount of overhead pertaining to a diversity of activities in providing goods (or services) to customers whose demands also vary.
Why do some companies find it difficult to use or inappropriate to implement a standard costing system?
A company that makes a variety of highly individualized and specialized made-to-order goods, using a variety of inputs, would find it more difficult to inplement standard costing than would a company that makes a simple, highly stardardized product. Standard costing can also be inappropriate when the cost of inputs fluctuates wildly.
