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.

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.

Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.

 

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