M2A1Assignment 1: Discussion—Cost Accumulation System

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When companies accumulate costs, they generally use either a job order or a process costing system. The type of system used often varies based on the type of product or service provided. Examine your experiences with a current or former employer and a product or service provided by this employer.

Respond to the following:

  • Identify and describe the type of cost accumulation system that was used.
  • Explain how the system was used and, specifically, how overhead was allocated.

Support your responses with reasons and examples.

Write your initial response in 3–4 paragraphs. Apply APA standards to citation of sources.

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