Business202 Week 2 Discussion - Name two principal types of cost
Question # 00865297
Posted By:
Updated on: 12/21/2024 12:09 AM Due on: 12/21/2024
Business 202: Managerial Accounting
DB2
Be sure that you are putting some thought into your discussion. Please answer the following questions:
1.) Name two principal types of cost accounting systems.
· Job Order Costing System
· Process Costing System
2.) Which system provides for a separate record of each particular quantity of product that passes through the factory?
·
3.) Which system accumulates the costs for each department or process within the factory? Why?
·
4.) Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.
-
Rating:
/5
Solution: Business202 Week 2 Discussion - Name two principal types of cost