BUS 556-Cost Accumulation System-When companies accumulate costs

Subject: Business    / Accounting
Cost Accumulation System

When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or service provided.

Using the the Internet, locate an article on how a company utilized a cost accumulation system.

Respond to the following:

Identify and describe the type of cost accumulation system that was used.
Explain how the system was used and, specifically, how overhead was allocated.
Discuss how the use of cost accumulation enhanced the company’s operations..

Write your initial response in 200–400 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation.