Product Costing and Job Order Costing vs. Process Costing
Week 2 Discussions and Required Resources
Part 1 and Allotment 2 charge be at atomic 200 words unless contrarily noted.
Please apprehend all accessories and chase ALL instructions.
Part 1: Artefact Cost
In Chapter 3, you were alien to three types of costs associated with a bogus artefact – absolute materials, absolute labor, and accomplishment overhead. Explain how these costs are associated with the bogus product. Why are some of these costs allocated to the artefact through costing methods such as job adjustment costing or action costing? As allotment of your response, amuse apprehend the commodity First Solar preview: Accomplishment costs, activity adjustment book in the spotlight (click actuality for article) and accommodate a specific archetype of this company’s accomplishment costs.
Part 2: Artefact Cost
Explain the similarities and differences amid job adjustment costing and action costing. In your explanation, accommodate examples of back job adjustment costing and action costing would be best appropriate.
Schneider, A. (2017). Managerial Accounting: Decision authoritative for the account and accomplishment sectors (2nd ed.) [Electronic version]. Retrieved from https://content.ashford.edu/
· Chapter 3: Process Costing
· Chapter 4: Activity-Based Costing and Just-In-Time Costing
Trefis Team. (2014, February 24). First Solar preview: Accomplishment costs, activity adjustment book in the spotlight Retrieved from http://www.forbes.com/sites/greatspeculations/2014/02/24/first-solar-preview-manufacturing-costs-project-order-book-in-the-spotlight/
Crosson, S. (2007). Job Adjustment Costing – 1 job & action [Video file]. Retrieved from http://www.youtube.com/watch?v=9UUydo7aMxUTED
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