Question: Question 2 5 Differences between contract costing and service costing. Provide your answer in tabular form . List five (5) industries which are most likely

Question 2

  1. 5 Differences between contract costing and service costing. Provide your answer in tabular form .
  2. List five (5) industries which are most likely to apply contract costing in their operations.
  3. In a table form, (4) similarities and two (4) differences each between Activity Based Costing (ABC) method and the Traditional method of charging overheads.
  4. A brief commentary in two paragraphs, how different is management accounting from cost accounting?

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