Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. inventory costing system differ for different orga

Inventory costing system differ for different organizations. All organization adopt two basic costing system. Consider...

50.1K

Verified Solution

Question

Accounting

Inventory costing system differ for different organizations. All organization adopt two basic costing system. Consider two organization one with cement manufacturer while the other. one is a accounting firm. Keeping in mind the concepts of costing system answer the following questions: Identify the type of costing system for both firms separately. In order to find the product cost is similar in every costing system because it is the combination of direct material direct labor and FOH. what will be the difference in product costing for using different costing system.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Five hundred consumers were surveyed about a new brand of snack food, Crunchicles. Their age groups...

Statistics
Q

I need this in R code please: Use the dataset ’juul’ in package ’ISwR’ to answer...

Basic Math
Q

Topic: Commercial energy production After learning about so many different options for commercial energy production, what do...

Biology
Q

A table of the specific heats of several materials is listed below. Material Specific heat C (J/kg degree C) Water 4184 Beryllium 1825 Wood 1400 Aluminum 900 Glas 753 Silicon 705 Stainless Steel 502 copper 386 Brass 381 Germanium 320 Silver 235 Gold 129 Lead 129 1....

Physics
Q

Three rotating masses A = 7 kg, B = 12 kg, and C = 11...

Mechanical Engineering
Q

what combinations using only 0, 1,2, then transform that number to base 3, can give 7...

Advance Math
Q

1 ints terencas TB MC Qu 12 67 Algo On January 1 Year 2 the...

Algebra
Q

23. A poration's distribution of additional shares of its...

Accounting
Q

suppose the proportion of the 88,000 gallons of waste that arrives in the form of...

Accounting
Q

Debra acquired the following new assets during 2013: April 11 - Furniture - $40,000 July...

Accounting
Q

Saberhagen Company sold $3,500,000, 8%, 10-year bonds on July 1, 2015. The bonds were dated...

Accounting
Q

Erie Company manufactures an MP3 player called the Jogging Mate. The company uses standards to...

Accounting