This unit discussed various costing methods, such as job order costing, process costing, and activity based costing, that a manufacturing company can use to ensure that its financial information is accurate and relevant.

As an accountant for a manufacturing company, your manager is asking for your input in making a decision about the type of costing method that should be used for a new product line under development. Answer the following questions:

• What type of information would you need about this new product line to make this decision?
• How does each piece of the requested information influence your decision?

Answer rating: 100% (QA)

To make an informed decision about the type of costing method to use for the new product line under development several pieces of information would be ... View the full answer