ASSIGNMENT ID
419339
SUBJECT AREA Accounting
DOCUMENT TYPE Coursework
TAGS Model
CREATED ON 11th March 2018
COMPLETED ON 12th March 2018
PRICE
$40
15 OFFERS RECEIVED.
Expert hired: LauraMolinar

Explain the Benefits & Drawbacks for using a Standard/Traditional Costing Model

In about 350 words/1 page... answer the following questions in detail: What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model? What benefits and drawback are there for a business that uses an Activity Based Costing (ABC) model? If you owned a small manufacturing business with relatively high volume and multiple product lines, would you implement an ABC model? Why? As you get ready to reflect on these questions, don't forget that the best answers are attempts to apply the concept to a small business and explore how a standard/traditional costing or activity-based costing system would/could be used. What are the benefits and the risks - or how could you adapt it to get the best of both? PLEASE USE IN-TEXT CITATIONS FROM CREDIBLE ONLINE SOURCES. SO0URCES MUST BE ACCOUNTING FIRMS, FORBES.COM, BUSINESSWEEKLY, OR ANY UNIVERSITY IN THE U.S. Please be sure to also provide the link in the reference section as the link has to be shared with others as to where the information provided came from.
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11 March 2018
User created a project for Accounting
11 March 2018
15 experts responded
11 March 2018
User contacted expert LauraMolinar
11 March 2018
User hired expert LauraMolinar who offered a price of $40 for the project and has experience doing similar projects
12 March 2018
The expert completed the project Explain the Benefits & Drawbacks for using a Standard/Traditional Costing Model for 1 day, meeting the deadline
12 March 2018
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12 March 2018
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