Assignment Details Assignment Description
Reminder: Initial Discussion Board posts due by Wednesday, responses due by Sunday
Students will be expected to post their first initial discussion board posting by Wednesday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
Students are expected to post their responses to peers by Sunday. NOTE: All submission posting times are based on midnight Central Time.
Primary Task Response: Within the Discussion Board area, write 500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Discuss what absorption, variables, and throughput costing are.
Determine when each would be used.
Provide an explanation and example of all three.
To prepare the financial statement for external reporting purposes this method of costing is applied. It is referred as full costing of a product which includes overall manufacturing of the product that is wages of workers, raw materials used and all the overhead costs. The price which is completely associated with the cost of production
