RE: SLC | S21W3 | Costs for entrepreneurs - Costing methods.
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.
Description | Evaluation |
---|---|
Quality | 2.5/3 |
Compliance with rules | 3/3 |
Presentation | 2/2 |
Originality | 1.5/2 |
Plagiarism free | ✅ |
Human/AI | Human |
Total | 9.0 |
Thanks for joining the contest