y-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manu rect materials $1.65 rect labor 0.55 riable overhead 0.70 ked overhead 1.80 Total unit cost $4.70 r the coming year, Play-Disc expects to make 380,000 plastic discs, and to sell 362,000 of them. Bu .70. (There are no beginnind or ending inventories of work in process.) equired: - Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, ro Play-Disc Ending Finished Goods Inventory Budget For the Coming Year Unit costs: Overhead: Total cost per unit Total ending inventory cost %24
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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