You are required to conduct a literature search and critically review a costing system in this assignment. 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 organizations selected in Q2 above. 

Part B

Choose one peer reviewed journal article (from any country) on the: Use of your chosen costing system in a real-life organization (i.e. a case-based empirical study). The article should be published between 2005 – 2020. Choose your article only after you have accessed and reviewed several relevant articles, and then choose the best article that will answer the questions below.

Questions: 

1. Based on your chosen costing article, briefly summarize how the costing system was designed and implemented in your real-life organization. 

2. Based on your chosen costing article, did the costing system in the study satisfy the features discussed in Part A (Q1)? Why or why not? Include examples in your answer from your costing article. 

3. Based on your chosen costing article, how useful was the cost information to the internal users in the organization? Discuss with examples from your costing article. 

4. Based on your literature findings, state two key lessons that would inform contemporary organizations about the practical use of your chosen costing system. 

Additional Information:

a) You are encouraged to choose the journal article from the following Accounting and Management Accounting Journals: Accounting, Auditing and Accountability Journal; Journal of Management Accounting Research Journal of Applied Management Accounting Research

b) You can access these journals in ProQuest Database by clicking on the above links. Log in details for ProQuest are - Username: Holmes2004; Password: Holmes. These journals can also be accessed via the ProQuest Database link available via the Student Login page in the Holmes website. You can also use Google Scholar. Don’t use Google.

Assignment Structure:

The report should include the following components:

a. Assignment cover page clearly stating your name and student number

b. Abstract (one paragraph)

c. Table of contents

d. A brief introduction or overview of what the report is about

e. Body of the assignment with appropriate section headings

f. Conclusion

g. List of References.