needs of product costing system
Full costing system
responsibility costing is a costing which enable us to know which department is responsible for what
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.
to undersrand
needs of product costing system
Full costing system
full absorption costing
responsibility costing is a costing which enable us to know which department is responsible for what
features of standard costing
Job order costing is more appropriate than process costing when the product being produced is a custom product
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.
Slate tiles can be interlocking or non-interlocking. Interlocking slate tiles have a system that allows them to fit together tightly, creating a seamless look. Non-interlocking slate tiles are simply butted up against each other without any interlocking mechanism.
to undersrand
process costin and target costing
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.
The interlocking accounting is a system where the cost and financial accounts are maintained independently of each other, and in the cost account no attempt is made a aseparate record of the financial account transactiona