According to our textbook, cost accounting information is designed for managerial use and management has the flexibility to define the cost data (Lanen et al., 2020).
https://www.solvedcollegepapers.com/product/acct-521-costing-methods
https://www.solvedcollegepapers.com/product/acct-521-west_groupproject
This post will identify three companies that use three different costing systems, which are job order costing, process costing, and activity-based costing.
It will also discuss why each company would use the particular method then compare the similarities and differences between the businesses.
Job Order Costing
Job order costing, also known as job costing, tracks costs related to a particular job or unit of output. This type of costing system is good to use for business that have customized product (Lanen et al., 2020).
Both manufacturing and service industries can benefit from job order costing. Warner Bros. is a film production company that would use this type costing syst
