Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example.

ACCT301: Assignment Question(s):

 

Q1. Differentiate with suitable examples the traditional costing systems and activity-based costing. Explain how ABC is used in manufacturing by providing a numerical example.

(Chapter 7)

 

 

Note: Your answer must include suitable numerical examples. You are required to assume values of your own and they should not be copied from any sources.

 

 

Q2. Provide a numerical example of special order decisions and make or buy decisions and explain how these decisions are backed by quantitative and qualitative considerations.        (Chapter 4)

 

Note: Your answer must include suitable numerical examples. You are required to assume values of your own and they should not be copied from any sources.