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.
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 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 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 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...