You and your friends go to a restaurant as a group. At the end of the meal, the issue arises of how the bill for the group should be shared. One alternative is to figure out the cost of what each individual consumed and divide up the bill accordingly. Another alternative is to split the bill equally among the individuals.
Which system for dividing the bill is more equitable? Which system is easier to use? How does this issue relate to the material covered in this chapter?

System of "figuring out the cost of what each individual has consumed" and divide the bill accordingly is a fair system as everyone will pay accordingly of his/her consumption. in this system, nobody will feel agonized about the excess payment of what he/ she has consumed.

Though easier to use system is to calculate total price and divide it by number of person involved. it'll simply give the cost per person without any hassle.

it's miles related to the concept of procedure costing.

On this form of costing method, each branch calculates the processing expenses incurred to provide items then it's miles transferred to subsequent department and its processing value might be delivered to products /items.

same idea is carried out to individuals additionally, all people counts his own cost of meals then it's miles delivered to nest person's fee of meals.

And in the end total cost is determined out. So, it's far a duplicate of technique costing.

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