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.
- Process:
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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