Respuesta :
Job costing is used for customer-specific jobs. In advertisements, Pepsi will order specific prints, sizes, methods, and periods. According to the prints, Numbers, Sizes, method, and period of advertising, job cost will be computed and charged. Hence the Job order costing method is used. This method is important for the managers to get the actual cost incurred on that particular job, and billed to the customer correctly.
Process costing is a method of costing, when a number of similar units are produced, for different customers. In the case of banks, checking account balances is a routine and similar activity for different customers. The activity is completed for a huge number of customers every day. Hence the cost of this activity is computed with the processing costing method. The importance of this method is to get the total cost of this activity, which is divided by the actual number of activities performed. This will help the managers to get cost per activity.
Cost accounting is a system for allocating costs to some element of a business. Costing is typically used to create costs for customers, sales channels, employees, geographic regions, products, product lines, processes, subsidiaries, and entire companies.
Costing is defined as ``A systematic set of techniques for collecting and reporting, both in total and in detail, the measurements of the costs of producing goods and providing services''. It includes methods for identifying, classifying, allocating, aggregating, and reporting such costs and comparing them to standard costs." (IMA)[1] Often a subset of management accounting. , whose ultimate goal is to assist and advise management in optimizing business practices. Cost efficiency and performance-based process cost accounting help manage ongoing operations and guide future planning. It provides detailed cost information that management needs to set up .
Learn more about costing here
https://brainly.com/question/26332605
#SPJ4
