Job costing system and process costing system

 

Compare job costing system and process costing system

 

Sample Solution

There are two types of cost accounting in the business world: job costing and Process Costing. Job costing is a way to track costs for each product or service you provide. It’s also known as “product costing.” This type of accounting documents how much your company will need to budget to produce one unit of a particular product. Process costing is different from job costing because it tracks all the steps involved in producing a single item. For example, if you sell widgets, you would use process costing to determine what it takes to make a widget. You might find out that it costs $1.00 to make a widget, but then you may discover that it costs more than that because you must pay someone else to do some of the work. Additionally, the difference between job costing and process costing depends on whether you are doing the accounting for one project or for many projects over some time.

Interpretation in history is the act of describing, analyzing, evaluating, and creating an explanation for previous events. It heavily relies on primary and secondary sources to form its base. The historian must analyze his sources to create a dynamic pattern of pictures that reflects the shape of the historical event. A good history interpretation is not measured by the ability of the historian to include all the facts into his narrative but rather the ability of him to fill in the gap of his sources with inference or speculation. Once the history is interpreted, the historian’s explanation will be evaluated whether it is objective or subjective that aligns with reality. A prominent example of this is the history of prehistoric society. One of the primary sources of this is the cave drawing of Lascaux cave that shows a vivid illustration of various animals such as horses and bison. Based on this painting, many historians and researchers have drawn different historical interpretations of it. The common would be that this painting symbolizes the lifestyles of the previous human species that depend on hunting and serve as the ceremonial purpose of a successful hunt. Other than that, a German researcher, Dr. Michael Rappengluck interpreted this painting as the representation of a historical star map. He explained that the drawing of a bird, a birdman, and a bull is the symbolism of the stars Altair, Deneb, and Vega. We may see that both interpretations are based on the same subject but have a different outcome. In this manner, we can not say that either one of them has a bad interpretation because both are aligned with reality and therefore shows the use of inferences and speculations making both of them a good interpretation.

ed to discredit or put doubt on the Holocaust’s historical facts. Deniers engage in this behavior to diminish public sympathy for Jews, undermine the legitimacy of the State of Israel, sow doubt about Jews and the Holocaust, and attract attention to certain topics or points of view. However upon the discovery of Anne Frank’s diary, one of the victims of the Holocaust, the scholars had rejected the denial and t

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