(Answered) Job order manufacturing and process manufacturing are two

Management Studies

Job order manufacturing and process manufacturing are two major costing systems used in manufacturing. Answer the following questions regarding these two systems:

a. Compare and contrast the two costing systems.

b. Which costing system should a service firm, such as an advertising agency use?

c. How do these two systems provide decision-making information?

Describe activity based costing.

a. Give two examples where activity based costing is preferable over traditional costing.

b. How is activity-based costing useful for decision making?

c. Discuss the three overhead rate methods used in activity-based costing and consider their relative usefulness.

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Business Management, Management Studies

Category:- Business Management
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