Reference no: EM13332583

EEC currently uses a basic standard cost system. Management knows very little about other concepts of costing and the benefits of having multiple costing methods. Your superior has asked that you and your team put together a presentation to management explaining various costing concepts asthey relate to EEC (explain the usage and benefits of each).

As an EEC corporate business financial analyst, you must have an expert understanding of thevarious costing methods.

Write a paper to include the following:

• The definition of the concept
• How and when the concept could be used by EEC
• How the application of the concept differs from the other concepts
• Its advantages and disadvantages as they relate to EEC

Choose from the following costing concepts:

• Full costing/absorption costing
• Variable costing
• Target costing
• Life-cycle costing
• Activity-based costing

Based on the information in the Individual Project, put together a slide presentation to management that includes a summary of your research for each costing concept. Include the following:

• The definition of each costing concept
• Where and how EEC could apply each concept
• The benefit EEC could gain from using each of these costing methods

This presentation should provide recommendations to management on implementing multiple costing methods.

Attachment:- EEC-s-Journal-Activity.xls