This approach aims at deleting all the activities that do not add value and support all the activities that add value. Accordingly, the organization avoids all costs that are paid for no reason,
Manufacturing companies use job costing.
the comanies that use the ABC system.
walmart
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.
Marginal costing is the method of costing for evaluating the changes in total cost due to change in number of units produced.
Manufacturing companies use job costing.
the comanies that use the ABC system.
walmart
T
full absorption 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?
An Ernst and Young survey in 2003 found that 76 percent of U.S. manufacturing companies reported that they used standard costs.
Marginal costing is the method of costing for evaluating the changes in total cost due to change in number of units produced.
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
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.
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.
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.