This module covers three different costing systems, how they work, what types of companies use them, and how to calculate a product or service cost using each one of them. Based on our class discussions of these topics and your reading, consider the following statement:

There is not necessarily one definitive answer to the question, How much does it cost to make a product (or to provide a service)?.

• Do you agree or disagree with this statement? Why? Fully explain your position.
• How has learning about the different costing systems impacted your understanding of product and service costs?