Ull costing versus variable costing: Does the choice still matter?

TASK DESCRIPTION

Compare and contrast the full costing approach to product and service costing with that of variable costing, identifying the key conceptual/ practical similarities and differences and the relative strengths and weaknesses of each approach. Based on your analysis answer the question a?does the choice matter?a?



COURSEWORK FEEDBACK TO STUDENTS

Task or skill
No Criteria on which the marking is based (marking scheme) and lecturer feedback/suggestions for improvement on each area.
(This may be task-based or skills-based.)
Marks available


Marks awarded



2nd marker

1
Undertake a review of full and variable costing, identifying the conceptual framework of each approach in turn outlining the key assumptions of the two approaches.


30


2.
Critically compare and contrast the two approaches to product and service costing, identifying the strengths and weaknesses of each.

40

3.
Produce a report based on your analysis (1,800 words approx.), drawing appropriate conclusions and recommendations, answering the question a?does the choice matter?a?


15

4. You will need to include in the report a minimum of 20 academic references from current up to date journals e.g. Management Accounting Research, and textbooks, internet sources will not be acceptable unless they are legitimate academic sources a as identified in tutorials).


15
TOTAL 100

Ull costing versus variable costing: Does the choice still matter?

Write an essay that address specific concepts and make judgements using scenario based questions, analysing the information requirements of financial control and cost management.
Compare and contrast the full costing approach to product and service costing with that of variable costing, identifying the key conceptual/ practical similarities and differences and the relative strengths and weaknesses of each approach. Based on your analysis answer the question a?does the choice matter?a?


Criteria on which the marking is based (marking scheme) and lecturer feedback/suggestions for improvement on each area.
(This may be task-based or skills-based.)


1
Undertake a review of full and variable costing, identifying the conceptual framework of each approach in turn outlining the key assumptions of the two approaches.

30%



2.
Critically compare and contrast the two approaches to product and service costing, identifying the strengths and weaknesses of each.
40%



3.
Produce a report based on your analysis (1,800 words approx.), drawing appropriate conclusions and recommendations, answering the question a?does the choice matter?a?

15%


4. You will need to include in the report a minimum of 20 academic references from current up to date journals e.g. Management Accounting Research, and textbooks, internet sources will not be acceptable unless they are legitimate academic sources a as identified in tutorials).15%






In the main body of your submission you must give credit to authors on whose research your work is based (Harvard system of referencing)). Append to your submission a reference list / bibliography that indicates the books, articles, etc. that you have read or quoted in order to complete this assignment (e.g. for books: surname of author and initials, year of publication, title of book, edition, publisher: place of publication).