Please new response and not one that is already posted. What are the major diffe
ID: 2399299 • Letter: P
Question
Please new response and not one that is already posted.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 these companies, and do not choose companies that your classmates have already addressed in a post. Please new response and not one that is already posted.
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 these companies, and do not choose companies that your classmates have already addressed in a post. Please new response and not one that is already posted.
Explanation / Answer
Difference between Job Costing and Process Costing: Major difference Job Costing Process Costing Cost compilation For each job separately for each process in a given period Cost Unit always "a job" "a process", being of same size in the production period Costing process complition on completion of job where total costs are acertained. on complication of batch/process where cost is ascertained which same for each process. Nature of production different for each job same for each process, rather continuous Supervisory and Control specific control for each job less control being same pattern and continuous Orders Specific orders required no specific order as product of mass consumption Examples : Austal shipbuilding, Boeing company, Airbus Group, etc. Nestle, Johnson & Johnson, colgate, etc.
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