Essay – Discussion Questions

I have 5 discussion questions for Accounting. 

Each answer/responds needs to be 200 words at a minimum and have a reference with it.

 

·         Please distinguish between job costing and process costing. 

·         Please give 6 examples of cost drivers for service and non-for-profit organizations

·         Please give three examples of industries where process-costing system is used. Please give three examples of non-for-profit organizations where process costing is used.

·         The total conversion costs are divided by the equivalent units for the work done to date. Does the previous sentence describe the weighted average method or does it describe the FIFO method? Please explain.

·         Activity-based costing is useful for product costing, but not for planning and control. Do you agree? Explain.