Question 2 5 Differences between contract costing and service costing. Provide your answer in tabular form...

Question 2

5 Differences between contract costing and service costing. Provide your answer in tabular form .
List five (5) industries which are most likely to apply contract costing in their operations.
In a table form, (4) similarities and two (4) differences each between Activity Based Costing (ABC) method and the Traditional method of charging overheads.
A brief commentary in two paragraphs, how different is management accounting from cost accounting?

Expert Solution

ekkarill92 answered 2 years ago

Question 1. Differentiate between contract costing and service costing. Provide your answer in tabular form with...

Question 1. Differentiate between contract costing and service costing. Provide your answer in tabular form with three differences. List five (5) industries which are most likely to apply contract costing in their operations. In a tabular form, provide two (2) similarities and two (2) differences each between Activity Based Costing (ABC) method and the Traditional method of charging overheads. How different in management accounting from cost accounting? Provide a brief commentary in two paragraphs. Please help me out...

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