A bi-weekly (2-week/14 day) pay period consists of 26 pay periods in a year. Each pay cycle generally consists of 80-hours for a full-time employee. Like the weekly pay period,

They are a small start-up and are unsure how to enter costs into their accounting system. Having just purchased Quickbooks software, it is time to decide how they get it

For example, the bakery might pay $300 for electricity in a busy month and $150 during slower months. This decision should be made with volume capacity and volatility in mind

The choice between job costing and process costing largely depends on the nature of the business and its production characteristics. Understanding where each method applies helps clarify their practical differences.