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

in #burnsteem253 days ago

Greetings @khursheedanwar

1.- You have explained the definition of costing methods and their importance, highlighting that these are a set of specific procedures that are used for the determination of 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 additional types of costing such as absorption and standard costing. Very well explained the methodology used by these methods and the advantages of their application.

4.- You have provided the calculation of the cost of the preparation of a wedding cake, according to the work order method. The calculations made are in syntony with what was explained in the 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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