Topic:Why do most companies use normal or standard costing?

Topic:Why do most companies use normal or standard costing?

Subject:Accounting

Volume: 1 page

Type: Essay

Format: APA

Description

7-10 Why do most companies use normal or standard costing? After all, actual costing gives the actual cost, so the firm could just wait until it knows what the cost will be. 8-9 Assume that the number of units transferred out of a department is unknown. What is the formula to solve for units transferred out using the basic cost flow model? BOOK TO USE: Lanen, W. N., Anderson, S.W., & Maher, M.W. (2016). Fundamentals of cost accounting (5th ed.). Retrieved from https://www.vitalsource.com