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RE: SLC | S21W3 | Costs for entrepreneurs - Costing methods

in #costs-s21w316 hours ago

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.

DescriptionEvaluation
Quality2.5/3
Compliance with rules3/3
Presentation2/2
Originality1.5/2
Plagiarism free
Human/AIHuman
Total9.0

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