Discussion – What type of costing method is typically
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2. This unit focused on the two basic types of accounting methods, job order and process costing, used for valuing products as they are being produced. Think about the industry that you currently work in or the one in which you would like to work in. What type of costing method is typically used in that industry? Why do you think they use that costing method? Do you feel that a different type of method might work better? Why?
3. Describe ways in which you, as a managerial accountant, might incorporate break-even analysis when working with an organization’s income and expenses. How might you explain this concept to your organization’s management team?
4. Mario Corporation has defective products in its current inventory. It has the opportunity to either sell, scrap, or rebuild the defective products. In your opinion, what should Mario Corporation consider before making its decision? Explain your choice. In your response to a classmate, indicate whether you agree or disagree and why.
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