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Describe the costing system and comment on effectiveness

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Reference no: EM133002678

Question 1: In your current or prospective job/occupation describe the costing system and comment on its effectiveness.

Question 2: Determine a product or service that you or your company produces.

Question 3: Identify the direct costs of production: direct material and direct labor. How are they measured and traced to the product?

Question 4: What types of costs would be indirect costs: How are these allocated to the product? If unsure, propose a method, and indicate why your chosen method is appropriate.

Question 5: Your manager has asked you to explain what Activity Based Costing is and how it could be useful for your organization. She would like your opinion on whether the company should pursue ABC.

Reference no: EM133002678

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