Cost Accounting - 3 Questions
dranflYour CFO needs to decide whether to set up a job order costing system or a process costing system. You plan to meet with her in the morning. Prepare your notes on the following points:
- Compare and contrast job order costing and process costing methods.
- Give examples of the types of system that work best in different kinds of companies.
- Given that you plan to start with only one version of your product, but at some point in the future many offer a variety of options, what kind of system makes sense for your company? Why?
The following rubric will be used for grading:
Grading Rubric | |
30% | Compare and contrast job order costing and process costing methods. |
30% | Give examples of the types of system that work best in different kinds of companies. |
30% | 15%: What kind of system makes sense for your company? 15%: Why? |
10% | Comment on other students' postings.
|
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