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Cost Method Discussion Assignment

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Respond to the scenario below with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas. 400-600 words

Eddison Electronic Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. As an expert in costing methods, in this assignment, you will be comparing and contrasting the following:

  • Full costing or absorption costing 
  • Variable costing 
  • Target costing 
  • Life cycle costing 
  • Activity-based costing

Research each method, and respond to the following questions:

  • What is the definition of each costing method? 
  • Discuss how, when, and if the costing method could be used by EEC. 
  • Discuss the advantages and disadvantages of the costing method as it relates to EEC. 
  • After your research is completed, provide a recommendation on which costing method is the best for the growth of EEC.

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