explain the Process Costing in details and Provide numerical examples to support your explanation.

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ekkarill92 answered 2 years ago

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Differentiate between job costing and process costing with your own examples

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Need an explanation of the SD-WAN protocol's details and examples?

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1-Describe job order costing, process costing and activity-based costing. Provide examples of the type of companies that would use these costing methods (i.e., three company examples, one for each type of method). 2-Discuss the differences between relevant costs, opportunity costs and sunk costs. Provide examples with respect to how these costs pertain to incremental analysis. 3-Define a static budget and a flexible budget. Which is more useful for companies and why? How could you use variance analysis in your personal...

1-Describe job order costing, process costing and activity-based costing. Provide examples of the type of companies...

1-Describe job order costing, process costing and activity-based costing. Provide examples of the type of companies that would use these costing methods (i.e., three company examples, one for each type of method). 2-Discuss the differences between relevant costs, opportunity costs and sunk costs. Provide examples with respect to how these costs pertain to incremental analysis. 3-Define a static budget and a flexible budget. Which is more useful for companies and why? How could you use variance analysis in your personal...

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Define, describe and distinguish job-order costing and firms that might use process costing. Provide examples of manufacturing firms that might use job-order costing and process costing. Can these costing systems be used by service firms? Which would a service firm be more likely to use? Why? Why would a manufacturing firm use departmental rates rather than one factory overhead (OH) rate? Describe an advantage and a disadvantage of using departmental rates. Is a company required to allocated support department costs...

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explain the Process Costing in details and Provide numerical examples to support your explanation.

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