Excel Cost Accumulation Homework Help from myhomeworkhelp.com
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Defining cost accumulation-
Cost accumulation Homework Help team has come up with a very logical method to help student understand what it is. Cost accumulation can be defined as a manner where costs are gathered and acknowledged on basis of customers, batches, departments, jobs, order and processes. Cost of accumulation can be for a single or many customers. Types of operations for products influences cost accumulation. There are four methods through which cost accumulation are figured out.
Here costing are gathered by department. Work carried out on each unit which is always uniform and in a place where mass production is in continuation.
- Hybrid Method:
This kind of method is used where there is more than one accumulation of costs are involved.
- Job Order:
Here accumulations of costs are done on the basis orders, jobs and contracts. The golden key here is customer satisfaction along with their specifications. Therefore, every job is different.
- Back flush:
It is the simplest form where a company has adopted JUST IN TIME systems of production. It is a collection of different techniques.
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