Address each topic separately at least 3 paragraphs each. Beware of plagiarism, grammatical errors, and sentence structure.
Topic 1
Describe the differences between job order costing, process costing, and Activity Based Costing (ABC).What are the advantages and disadvantages of each system?Imagine a company that you might be a manager for.Describe that company and what their major product or service would be.Then, tell which cost system would be best suited to that firm and why.
Topic 2
This assignment is designed to get you to see the behavior of costs in companies with which they are familiar.You should identify and describe the company.Then, identify three different costs that behave differently.You should identify at least one fixed cost, variable cost and mixed cost and be able to justify their selections.
Think of a company with which you are familiar.Describe the company and their primary product(s)/service(s).Identify a fixed cost, a variable cost, and a mixed cost that company would incur, justify their selection and explain how you determined that those costs would fit those behavior patterns.
Topic 3
Most every firm has a budget.In many cases, however, firms use them inappropriately.In extreme cases, the way the budget is used by the firm might actually encourage incorrect decisions.In this discussion, you will get a better feel for how to appropriately use budgets as a guide.
Explain why budgeting is important for a firm.Do you think that a firm’s budget should ever be violated (exceeded)?Explain your rationale.
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