Answer each question with a minimum word count of 150 words count each. 1.What are the main differences between Job O

Answer each question with a minimum word count of 150 words count each.

1.What are the main differences between Job Order Costing, Activity Based Costing, and Process Costing. What are some examples of where these three types of costing can be applied?

2. How does activity based price help management or businesses determine prices for products. What are the main advantages for this?

3. What are the differences between job orders costing, activity based costing and process costing?

1.Why is it important that a manager understands how product costs are determined?

2. What could happen if the manager doesn’t understands how product cost are determined?

3. How would this affect the business if their managers do not understand product cost? How would this ruin a business?

Describe how you will apply that learning in your daily life, including your work life. (Job Order Costing, Activity Based Costing, and Process Costing).
Describe what may be unclear to you, andwhat you would like to learn.