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please do not use HDFC Bank Companies choose their costing method based on their business activities and processes, as well as the products and services
please do not use HDFC Bank
Companies choose their costing method based on their business activities and processes, as well as the products and services they offer, A company can be a manufacturing, merchandising, or service organization; this also impacts which costing method will be most useful for its purposes. As a part of costing, the company also needs to decide how to classify overhead costs using either tratitional or activity-based costing (ABC) In this written assignment, you will choose a company, consider its business and costing requirements, and recommend a costing ssstem that will work best for the business. Prompt Think about a conpany you know. This could be a current or past employer or a company you admire. Considet its briness activites and the thpe of products and services offered, Bated on what you have learned so far, write is short paper that reflects en the different costiols methods and speculates on how they might apply to your selected company, Sjecificallyi you must address the following rubric oiteria: - Company Overview identify the company you selected and provide a brief overview of its businets - Is it a manufacturing, merchandising, or service organization? - Costing Methods: Compare the job order and process costing methods, and explain how each of these can be abolied to the company. - How could the costs differ it one method is chosen over the other? - Factory Overhead: Outine possible indirect of overhead costs the compary moy need to iccount for, and identify the type of coiting the company inight use for these conts. costs? - Recommendation: Eased on your analysis. recorimend a costing method for the comparm. and explain why vou think this method will work best for the buninem Step by Step Solution
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