RE: SLC | S21W3 | Costs for entrepreneurs - Costing methods
Greetings @kouba01
1.- You have explained very well the definition of costing methods, explaining some of them highlighting their importance, emphasizing that they are a set of specific procedures used to determine a cost.
2.- You have pointed out the difference between job order costing and process costing, indicating the specific differences in them and how both are linked to the way of production.
3.- You have explained two other types of costing such as activity-based costing and target costing. Very well explained the methodology used by these methods, their characteristics and examples.
4.- You have provided the cost calculation of the production of cakes, according to the work order method. The calculations made are in accordance with what was explained in class.
Below I share the evaluation summary.
Description | Evaluation |
---|---|
Quality | 2.5/3 |
Compliance with rules | 3/3 |
Presentation | 2/2 |
Originality | 1.5/2 |
Plagiarism free | ✅ |
Human/AI | Human |
Total | 9.0 |
Thanks for joining the contest