RE: SLC | S21W3 | Costs for entrepreneurs - Costing methods
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.
Description | Evaluation |
---|---|
Quality | 2.4/3 |
Compliance with rules | 3/3 |
Presentation | 2/2 |
Originality | 1.5/2 |
Plagiarism free | ✅ |
Human/AI | Human |
Total | 8.9 |
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Thank you so much for the verification and the valuable feedback.