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Issues in Costing. Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold. For each of your issues, provide an example of a company or industry where these issues could be present.
Guided Response:
Review your peers' posts and respond to at least two of your classmates. Describe how job order costing or activity-based costing could resolve the issues your classmates mentioned in their posts.
Create a chart of accounts for a small business. If you are currently working in the accounting field, you may use the chart of accounts from your business as the basis of your work. Include your explanation of the structure.
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Activity-based costing (ABC) information cannot be used by managerial decision-makers to evaluate the:
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