What Is The Basic Difference In Wip Calculation In Product Cost By Or

1.	What Is The Basic Difference In Wip Calculation In Product Cost By Order And Product Cost By Period (repetitive Manufacturing)?
Answer» GENERALLY in PRODUCT cost by order, WIP is CALCULATED at ACTUAL costs and in product cost by period WIP is calculated at TARGET costs. Generally in product cost by order, WIP is calculated at actual costs and in product cost by period WIP is calculated at target costs.

What Is The Basic Difference In Wip Calculation In Product Cost By Order And Product Cost By Period (repetitive Manufacturing)?

Answer»

GENERALLY in PRODUCT cost by order, WIP is CALCULATED at ACTUAL costs and in product cost by period WIP is calculated at TARGET costs.

Generally in product cost by order, WIP is calculated at actual costs and in product cost by period WIP is calculated at target costs.