A Costing System for Software Project Essay by capital writers

A Costing System for Software Project
Discusses a costing system proposed for a computer hardware manufacturer who is also going to develop computer software to be sold along with the hardware.
# 28432 | 2,854 words | 7 sources | MLA | 2002 | US
Published on Jun 27, 2003 in Business (Accounting) , Computer and Technology (General) , Accounting (General)

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This paper first recommends a costing system and then states how variances from budget would be identified. It further goes to state how the budgets for the cost centers should be set. Then it mentions some possible sources of funds for financing the project and, in conclusion, mentions how the financial ratios of the company will be affected.

Method of costing
How variances can be identified
Method of budgeting
Sources of finance
Effect on ratios
Comparison with system in operation

From the Paper:

"There are many methods of costing that could be applied to this scenario. The current system in place is absorption costing. This is a very traditional approach, in which it is assumed that the total overhead expenses of the company are related in some way to the number of labour hours or machine hours used. In this case, all the overheads are allocated on one basis. If labour hours are used, then it the total overhead amount is divided by the total labour hours expected, and then the amount of overhead is allocated to each product based on the total amount of labour hours it uses."

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APA Format

A Costing System for Software Project (2003, June 27) Retrieved December 10, 2019, from https://www.academon.com/essay/a-costing-system-for-software-project-28432/

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"A Costing System for Software Project" 27 June 2003. Web. 10 December. 2019. <https://www.academon.com/essay/a-costing-system-for-software-project-28432/>