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Choose ONE of the costing systems studied in this unit from the list below, and answer the questions that follow:
Job Costing
Process Costing
Operation Costing (Hybrid Costing)
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.
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