27 septembre 2022

A Law Firm Morris & Morris Accumulates Costs

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The cost accumulation system shows the cost accumulation method. There are two methods that include order costing and process costing for the cost accumulation system. We will look at General Motors` cost accumulation system and how this method can be used in operational activities.// The cost accumulation system is a process in which all the details of expenses incurred during the operation of the company are kept. There are mainly two methods for the cost accumulation system, namely the method of calculating order costs and the method of process costs. The order costing method accumulates costs through an order number, while the process costing method accumulates costs for a particular process or service (Drury, 2013). General Motors uses the process costing method because it is a manufacturing company and several processes must be performed before manufacturing its final product, which is related to the automotive industry. The method of calculating process costs is suitable for the company because there are a number of processes and it is easy to accumulate the cost of each process for a certain period of time to accumulate all the costs of the company`s final product (Weygandt, Kimmel &. The answer responds to the request displayed in 787 words with APA references *** choose any company **** you only need a basic understanding to identify and describe the type of cost accumulation system used. Explain how the system was used and, in particular, how overhead costs were allocated. Discuss how using cost accumulation has improved business operations. The expert selects a company and identifies and describes the types of cost accumulation systems that have been used.

How the accumulation of costs has improved the company`s operations will be examined. The response responds to the request, which was published in 787 words with APA references.

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