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

in #costs-s21w33 days ago

Greetings @ahsansharif

1.- You have explained the importance of costing methods and explained their classification, but we would have liked you to give a definition of what are costing methods, which are related to a set of specific procedures used to determine 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 ABC and marginal, 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 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
Quality2.4/3
Compliance with rules3/3
Presentation2/2
Originality1.5/2
Plagiarism free
Human/AIHuman
Total8.9

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Thank you so much for the verification and the valuable feedback.