Which costing system, job order or process, does your employer use? Please describe its major components and your understanding of its operation. Does this costing system make sense to you based upon your company’s business operations?
Which costing system, job order or process, does your employer use? Please describe its major components...
Which costing system, job order or process, does your employer use? Please describe its major components and your understanding of its operation. Does this costing system make sense to you based upon your company’s business operations? Employer is UPMC health plan with insurance.
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 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. *** You are also required to name a company that uses both costing methods, including providing an explanation of your choice. A great place...
When are companies likely to use a job costing system or process costing system? Describe the specific characteristics of each system and provide at least 2 examples from companies in your community for each system (at least 4 companies should be described).
Create a diagram of a job order cost system or a process cost system. Choose a product that you will manufacture and describe the manufacturing process for it using a flow chart or mind map. The chart should include the major steps in the process and the journal entries (debits and credits) which would be recorded at each step. You may use shapes, pictures, and text to describe the production process. Create a diagram of a job order cost system...
11. Depending on the product being manufactured, companies use either a process or job-order costing system. Please determine which type of costing system that the following companies would use: Process Job-Order a. Coca-Cola bottling soda b. A paper mill c. An advertising agency d. A paper clip manufacturer e. Boeing making a jet f. An auto repair shop
Which of the following is not a difference between job order costing system and process costing system? The documents used to record costs The number of work in process accounts used none of the above The number of raw material accounts used Work in process inventory equation
7. Which of the following describes the differences between job-order and process costing? A. Job-order costing is used in financial accounting while process costing is used in managerial accounting. B. Job-order costing can only be used by manufacturers; service enterprises must use process costing. Job-order costing is voluntary while process costing is mandatory. D. Job-order costing traces costs to jobs while process costing traces costs to departments and averages the costs among the units worked on during the...
Which of the following statements regarding job-order costing and process costing is FALSE? Multiple Choice Job-order costing uses manufacturing overhead; process costing does not apply manufacturing overhead. Both systems have the same basic purposes-assigning costs to products. The flow of costs through the manufacturing accounts is basically the same. Both systems use the same basic manufacturing accounts.
Data Communication and Web 2.0" Describe the key components of a data communication system. Next, discuss the overall manner in which a company uses data communication in order to reduce its operations cost. Include one (1) example of such a reduction in operation costs to support your response. Use the Internet or the Strayer Library to research articles on Web 2.0 technologies and their applications for business. Next, identify two to three (2-3) ways in which a business could apply...