Cost accumulation system | Accounting homework help

Cost Accumulation System

When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or service provided.

Using the module readings,  University online library resources, and the Internet, locate an article on how a company utilized a cost accumulation system.

Respond to the following:

• Identify and describe the type of cost accumulation system that was used.
• Explain how the system was used and, specifically, how overhead was allocated.
• Discuss how the use of cost accumulation enhanced the company’s operations.

By  August 27, 2015, post your response to the appropriate Discussion Area. Through Wednesday, September 2, 2015, review and comment on at least two peers’ responses.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

• Read your peers’ answers.
• Provide substantive comments by
• contributing new, relevant information from course readings, Web sites, or other sources;
• building on the remarks or questions of others; or
• sharing practical examples of key concepts from your professional or personal experiences
• Respond to feedback on your posting and provide feedback to other students on their ideas.
• Make sure your writing
• is clear, concise, and organized;
• demonstrates ethical scholarship in accurate representation and attribution of sources; and
• displays accurate spelling, grammar, and punctuation.

Grading Criteria