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

in #costs-s21w36 hours ago

Greetings @opeyemioguns

1.- You have explained some of the costing methods, but you have not defined what they are as a whole, which is nothing more than the 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 other types of costing such as activity based costing and standard costing. You have detailed some aspects of operation and the mechanism of working with these costing methods.

4.- You have indicated some of the elements used in the manufacture of cakes, but you have not quantified the labor and indirect costs, so you have not been able to present the calculation of the cost of production of a cake.

Below I share the evaluation summary.

DescriptionEvaluation
Quality2.2/3
Compliance with rules3/3
Presentation2/2
Originality1/2
Plagiarism free
Human/AIHuman
Total8.2

Thanks for joining the contest