Describe which costs should be included in product cost

Assignment Help Cost Accounting

Reference no: EM13738723 , Length: 2000

RESEARCH ESSAY

The following matters should be given particular attention:

RESEARCH ESSAY TOPIC

Groups must select a manufacturing company from the Australian Securities Exchange (ASX) website and should discuss their selection prior to commencing their research essay. Groups cannot do the same company.

"Unfortunately, the myriad approaches to product costing and choices available can inhibit a systematic design approach. In selecting a product cost system, a firm needs to answer four key questions..."

With reference to the above statement:

1. Describe which costs should be included in product cost of your selected manufacturing company.

2. At what level of detail should the company track direct product costs? Discuss.

3. Evaluatehow your selected company should organise indirect product costs.

4. Comment on how your selected companyshould allocate indirect costs to products.

Reference no: EM13738723

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