What are the main differences between job, process, and activity-based costing, accounting homework help

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wtyr75

Business Finance

Description

  • What are the main differences between job, process, and activity-based costing in realation to accounting?

300 words with APA reference

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Explanation & Answer

Attached.

Running Head: COST ACCOUNTING

1

Cost Accounting

Student’s Name
Professor’s Name
Course Title
Date

COST ACCOUNTING

2
Cost Accounting

In Accounting, product costing is a framework that firms use to estimate the cost of their
product for inventory valuation, cost control, and most important profitability analysis. There is
three costing system; job order, process, and activity based product costing system. The systems
can be used selectively or in combination to suit different styles of company’s costs. For the
purpose of our discussion, this paper will summarize the main difference between job, process and
activity bases costing system (Cagwin, & Bou...


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