Please identify a company that you believe would use job order costing and another company that you believe would use process costing. Identify a third company that uses activity-based costing allocations.
Discuss why each might use the method you identified with them. Compare and discuss the similarities and differences you see in the companies.
Construction companies are one of the more common companies to use job order costing in the course of their operations.
Each building is unique and will have different amounts of direct materials and labor in order to be completed.
Job order costing is identified by four characteristics: all costs are assigned to a specific job, costs are assigned for completed jobs instead of time periods, only one work in process account is needed, and the cost of completed goods is transferred to Finished Goods until the product https://www.solvedcollegepapers.com/product/acct-521-db-forum-2
https://www.solvedcollegepapers.com/product/acct-521-study-questions
