Briefly discuss the features of costing system

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Reference no: EM132619822

Choose ONE of the costing systems studied in this unit from the list below, and answer the questions that follow:

  1. Job Costing
  2. Process Costing
  3. Operation Costing (Hybrid Costing)
  4. Activity-based Costing (ABC)

Questions:

Problem 1. Briefly discuss the features of your chosen costing system.

Problem 2. Identify 2 specific Australian companies that your chosen costing system is suitable for, and explain why.

Problem 3. Discuss two potential uses of the cost information for decision-making, to the managers in each of the 2 organisations selected in Q2 above.

Reference no: EM132619822

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