what is the difference between job costing and process costing?

Expert Solution

ekkarill92 answered 2 years ago

Explain the similarity and difference between process costing and job-order costing.

What is different between the journal entries for process costing and that of job order costing?

What are job-order costing and process costing? What types of firms use job-order costing? Process costing?...

What are job-order costing and process costing? What types of firms use job-order costing? Process costing? Explain how overhead is assigned to production when a predetermined overhead rate is used. Assume that a company has decided not to allocate any support department costs to producing departments. Describe the likely behavior of the managers of the producing departments. Would this be good or bad? Explain why allocation would correct this type of behavior.

Compare and contrast process costing and job costing. What is the similar objective between the two?

Discuss the difference between job order costing and process cost systems. Use examples to demonstrate the...

Discuss the difference between job order costing and process cost systems. Use examples to demonstrate the differences.

Describe the differences between job order costing, process costing, and Activity Based Costing (ABC). What are...

Describe the differences between job order costing, process costing, and Activity Based Costing (ABC). What are the advantages and disadvantages of each system? Imagine a company that you might be a manager for. Describe that company and what their major product or service would be. Then, tell which cost system would be best suited to that firm and why.

What differences exist for a manufacturing organization between process costing and job order costing? What similarities...

What differences exist for a manufacturing organization between process costing and job order costing? What similarities are there between the two methods? Are the two methods mutually exclusive? Please include examples of companies using one method or the other (or both). Please explain the concept of equivalent units. Why does the process costing method use them? Why doesn't job order costing need to use them?

What are the major differences between job-order costing and process costing systems? Give an example of...

What are the major differences between job-order costing and process costing systems? Give an example of a well-known company that might use job-order costing and an example of a well-known company that might use process costing. Explain why you have chosen the companies that you did, specifically why job order costing or process costing are used. Do not choose companies that your classmates have already commented upon. Participate in follow-up discussion by critiquing your classmates' choices of companies. Please include...

What are the major differences between job-order costing and process costing systems? Give an example of...

What are the major differences between job-order costing and process costing systems? Give an example of a well-known company that might use job-order costing and an example of a well-known company that might use process costing. Explain why you have chosen the companies that you did, specifically why job order costing or process costing are used. Do not choose companies that your classmates have already commented upon. Participate in follow-up discussion by critiquing your classmates' choices of companies.What are the...

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what is the difference between job costing and process costing?

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Explain the similarity and difference between process costing and job-order costing.

What is different between the journal entries for process costing and that of job order costing?

What is different between the journal entries for process costing and that of job order costing?

What are job-order costing and process costing? What types of firms use job-order costing? Process costing?...

Compare and contrast process costing and job costing. What is the similar objective between the two?

Discuss the difference between job order costing and process cost systems. Use examples to demonstrate the...

Describe the differences between job order costing, process costing, and Activity Based Costing (ABC). What are...

What differences exist for a manufacturing organization between process costing and job order costing? What similarities...

What are the major differences between job-order costing and process costing systems? Give an example of...

What are the major differences between job-order costing and process costing systems? Give an example of...