Part A

Choose ONE of the costing systems studied in this unit from the list below, and answer the questions that follow:

Job Costing

Process Costing

Operation Costing (Hybrid Costing)

Activity-based Costing (ABC)

Questions:

1. Briefly discuss the features of your chosen costing system.

2. Identify 2 specific Australian companies that your chosen costing system is suitable for, and explain why.

3. Discuss two potential uses of the cost information for decision-making, to the managers in each of the 2 organisations selected in Q2 above.