Managerial Accounting

Anonymous
timer Asked: Dec 21st, 2018
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Question description

Assignment 2: Discussion—Cost Accumulation System

When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or service provided.

Using the module readings, Argosy University online library resources, and the Internet, locate an article on how a company utilized a cost accumulation system.

Respond to the following:

  • Identify and describe the type of cost accumulation system that was used.
  • Explain how the system was used and, specifically, how overhead was allocated.
  • Discuss how the use of cost accumulation enhanced the company’s operations.

By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers’ responses.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Tutor Answer

peachblack
School: Rice University

Please find attached. Thank you.

Outline

Introduction
Body
Conclusion
References


Running head: COST ACCUMULATION

Cost Accumulation
Student's Name
Course Number-Name of Course
Instructor’s Name
Date

COST ACCUMULATION

2
Cost Accumulation

Cost accumulation involves using systems of accounting to collect info in a cost databank
on the outlays that are incurred by a company while carrying out its operations at a certain
period. The collected costs are always attributed to categories such as departments, jobs, and
customers. According to Garrison 2013, the aspect ...

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