In your own words describe in detail what Job Order Costing is,
how it is different to Process Costing, and how we apply overhead
costs in the Job Order Costing environment.
Describe the type of costing system that is used in your
organization (e.g., Job Order Costing, Process Costing, etc.). Why
do you think this system was chosen for implementation, and do you
think it is the correct choice?
Job Order Costing: Define job order costing. Compare and
contrast job order costing with process costing. Trace the flow of
costs through a job order costing system. Discuss manufacturing
overhead and how it is applied. Why is the manufacturing overhead
account adjusted at the end of the period?
1) Describe cost systems and the flow of costs in a job order
system?
2) How does a company determine and use the predetermined
overhead rate?
3) Distinguish between under- and overapplied manufacturing
overhead and what does each mean to the company?