Question: a) Differentiate job order costing vs process costing. Provide examples of where each would be used - and why. b) What is normal costing

a) Differentiate job order costing vs process costing. Provide examples of where each would be used - and why. b) What is nor

a) Differentiate job order costing vs process costing. Provide examples of where each would be used - and why. b) What is normal costing all about? C) Discuss / refute the following statement: BUS288 comes after BUS285 financial accounting because we must use generally accepted accounting principles as the foundation for all analysis in managerial accounting." d) What is a contribution margin? What are some of the key measures or indicators we can calculate using it? e) What is degree of operating leverage (DOL)? How is it calculated? What are the advantages / disadvantages of having high or low DOL? f) g) What are the benefits of budgeting? What are the benefits of standard costs?

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Job order costing is used when a company produces a single product or a small number of products that are all identical Process costing is used when a company produces many different products and each ... View full answer

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