Discussion Questions Product Costing

Each response must have a minimum of 150 words MUST have references for each response! Quality work! No Plagiarism!

Ch. 15: Job Order Costing

1. What are the main differences between job, process, and activity-based costing?

2. Distinguish between under‐ and over applied manufacturing overhead.

3. What does a job cost sheet consist of?

4. How to determine and use the predetermined overhead rate?

Ch. 16: Process Costing

5. How is manufacturing overhead calculated in each of the costing methods?

6. How are variances identified?

Ch. 17: Activity-Based Costing

7. How might each of the costing methods be used in managerial decision-making?

8. What is the difference between traditional costing and activity‐based costing