Question: 1. Which general costing approach do you recommend (Job order costing, Process costing or hybrid)? Elaborate the pros and cons of each option. Also based

 1. Which general costing approach do you recommend (Job order costing,

1. Which general costing approach do you recommend (Job order costing, Process costing or hybrid)? Elaborate the pros and cons of each option. Also based on case information, discuss the types of cos t information Yummy Pies' product costing system should be able to provide. 2. Of the expenses listed in Table 1, determine which should be treated as product costs and which should be treated as period costs for management decision making? 3. For each product cost you identified, how would you track the cost? For example, would you track it by individual job, batch, production step, activity, general factory overhead, etc.? Separate raw materials into main ingredients and flavor additives. Also, separate bakery labor into four categories: production line (includes mixing, filling and baking), packaging, sanitation and warehouse. 4. For each specific cost item you listed in question 3, how would you assign that cost to products to attain reasonably accurate product costs? For example, would you compute standard costs, trace it specifically to a customer order, or assign it using an allocation base (and identify the allocation base you would use). Again, separate raw materials into main ingredients and flavor additives

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